GeN 713, G. 28893 (c.i.o 1 June 2006),
GoN 513 in G. 39981 (c.i.o 11 May 2016).
In terms of sections 7(1), 10(1) and 42(1) of the National Credit Act, 2005 (Act 34 of 2005) I, Mandisi Mpahlwa, Minister of Trade and Industry, do hereby make the determination of thresholds as set out in the schedule hereto.
“the Act” means the National Credit Act, 2005 (Act 34 of 2005) and the Regulations made under the Act.
The threshold required to be determined in terms of section 7(1)(a) of the Act is R1 000 000.00.
(1) The lower threshold required to be determined in terms of section 7(1)(b) of the Act is R15 000.00.
(2) The higher threshold required to be determined in terms of section 7(1)(b) of the Act is R250 000.00.
The threshold required to be determined in terms of section 10(1)(b)(i) of the Act is R15 000.00.
The threshold required to be determined in terms of section 42(1) of the Act is nil (R0).
[Item 5 subs by item 2 of GoN 513 in G. 39981.]