Issued by the CBA We have considered both section 2(5) of the NCA, as well as section 4 of the Interpretation Act, both of which appear below (for convenience).  Section 2(5) of the NCA When a particular number of business days is provided for between the happening of one event and another, the number of days must be calculated by—(a)         excluding the day on which the first such event occurs;(b)         [...]

Automatic Removal Of Adverse Consumer Credit Information  All adverse information recorded on a credit bureau must be removed once the debt has been settled. Retention Periods For Displaying Information On The Credit Bureaus   CategoryDescriptionMaximum PeriodChangeDetails and results of complaintsNumber and nature of complaints lodged and whether a complaint was rejected. No information may be displayed on complaints which may6 monthsEnquiriesNumber of enquiries made on a consumer’s record, including the name of the entity/person who made [...]

The National Credit Act was passed mainly to protect the consumer. It applies to all juristic persons (with limitations) and to all natural persons (even if they are a sole proprietor). It also applies to trusts that have two or fewer trustees (unless one of the trustees is itself a juristic person). The NCA does not apply to large juristic persons, that is those that have an annual turnover or asset value in excess of ZAR 1 000 000 [...]