1. Introduction The National Credit Act, Act 34 of 2005, is by many standards a relatively new piece of legislation. The NCA, as it is commonly referred to, is yet to be properly understood by the ordinary consumer, with whom in mind, it was created. The preamble states that the purpose of the NCA is to “to promote a fair [...]
From the consumers’ perspective: a practical application of sections 14a and 14b of the pension funds act 24 of 1956 as amended.
It is a supported view that the primary objective of enacting the numerous amendments to the Pension Funds Act has always been to enhance the protection of pension interests of fund members, given that dedicated contributions towards their retirement often extend across their lifetimes and serve as the most significant source of saving for most individuals in formal employment. The [...]