Guest :  Moeshfieka Botha
              Sébastien Anderson
             

The National Credit Amendment Bill aims to help indebted consumers earning less that
R7,500 per month, restructure their debt.
It's estimated that up to R20bn worth of debt could be written off under the
controversial new debt relief bill signed into law by President Cyril Ramaphosa earlier
this week.
The National Credit Amendment Bill will include provisions allowing indebted
consumers who earn less that R7,500 per month to restructure their debt.
But the bill has been criticised by the banking industry, which says it will have a
detrimental impact on the ability of banks to be able to lend to low-income customers.
Sébastien Anderson, CEO of National Debt Advisors joins us live in the studio for hos
thoughts on why the bill wont solve the problems of South Africa's indebted consumers

Guest :&nbsp; Moeshfieka Botha &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; S&eacute;bastien Anderson &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; The National Credit Amendment Bill aims to help indebted consumers earning less that R7,500 per month, restructure their debt. It's estimated that up to R20bn worth of debt could be written off under the controversial new debt relief bill signed into law by President Cyril Ramaphosa earlier this week. The National Credit Amendment Bill will include provisions allowing indebted consumers who earn less that R7,500 per month to restructure their debt. But the bill has been criticised by the banking industry, which says it will have a detrimental impact on the ability of banks to be able to lend to low-income customers. S&eacute;bastien Anderson, CEO of National Debt Advisors joins us live in the studio for hos thoughts on why the bill wont solve the problems of South Africa's indebted consumers

Get the best of both worlds with Lester Kiewit, a writer for the Mail & Guardian by day and presenter by night. Rather than looking back at the news of the day, explore new subjects and new perspectives.

Get the best of both worlds with Lester Kiewit, a writer for the Mail &amp; Guardian by day and presenter by night. Rather than looking back at the news of the day, explore new subjects and new perspectives.

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