22 March 2015
The Chairperson of the
Portfolio Committee on Trade and Industry Joan Fubbs has challenged the banking
sector to lend money in a responsible manner.
She was speaking at the Credit
Amendment Act conference which was held in Boksburg this week.
She emphasised that the
National Credit Amendment Act had saved the country from the global economic
crunch in 2007.
Department of Trade and
Industry Spokesperson Sidwell Medupe said The Chairperson of the Portfolio
Committee on Trade and Industry, Ms Joan Fubbs says government and the private
sector need to work together to improve the credit situation in the country and
“Fubbs also highlighted that
there were still challenges with regards to enforcement of affordability tests
and payment attachment orders and urged stakeholders to tackle those in order
to reduce over-indebtedness.” Medupe added.
Labels: Portfolio Committee on Trade and Industry comments on the credit situation in the country