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NCR Reacts to Payslip/Banks Statement Case with Proposed Guidelines

In March 2018, the Western Cape High Court, granted an application sort by retailers Truworths, Foschini and Mr Price reviewing and setting aside Regulation 23A (4) of the affordability assessment regulations. The affordability assessment regulations were introduced in 2015 in an attempt to try improve the weaknesses in the reckless credit granting provisions of Sections …

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