MicroFinance South Africa (MFSA) is a representative body of registered
and legal MicroFinance Credit Providers in South Africa.
Please see link below of Judgment with regards to the Affordability Regulations.
Link : http://www.mfsa.net/wp-content/uploads/2018/03/SKM_554e18031610080.pdf
The MFSA shared the following overview of the Judgment delivered on 16 March 2018 in respect of the review and setting aside of Regulation 23A(4) is directly associated with the Affordability Requirements and Over-indebtedness and Reckless Credit Sections of the National Credit Act (“the Act”).
MFSA’s interpretation of the Judgment :