I have made an extract from some of my notes:

The application of the Act is regulated in terms of Sections 4, 5, 6 and 7 and is two pronged. It applies to certain persons and to certain credit agreements. A wide variety of credit agreements are covered by the Act. The Act applies with certain exemptions to inter alia an overdraft, credit card, personal loan, mortgage bond secured loans, rendering of service, purchase and sale, lease involving movables and credit guarantees.

The Act applies to all consumers who are natural persons irrespective of value & small juristic persons i.e. those with a turnover or asset value of less than R1 million.

Juristic Persons above or equal to the Section 7(1) threshold (R1 million): Should the asset value or annual turnover of a consumer who is a juristic person equal or exceed the Section 7 (1) threshold then the Act will not apply. Should the consumer consist of more than one related juristic person regard is had to the combined value.

Juristic persons are deemed to be related if:
• One of them has direct 'or indirect control over the whole or part of the
business of the other; or
• Another person has direct or indirect control over both of them.

"Juristic person" includes a partnership, association or other body of persons, corporate or unincorporated, or a trust if- .
• there are three or more individual trustees; or
• the trustee is a juristic person


Who must be registered as a credit provider in terms of the Act?
A credit provider in respect of a credit agreement to which the Act applies is an entity whether natural or juristic who supplies goods or services under a discount transaction, incidental credit agreement or instalment agreement; who advances money or credit under a pawn transaction; who extends credit under a credit facility; a mortgagee under a mortgage agreement; is a lender under a secured loan; a lessor under a lease; a party to whom an assurance or promise is made under a credit guarantee; a party who advances money or credit to another under any other credit agreement; or any other person who acquires the rights of a credit provider under a credit agreement after it has been entered into. (Sec 1)

Credit providers who provide credit other than incidental credit under at least 100 credit agreements to consumers; are obliged to register with the National Credit Regulator. Note this is not 100 credit agreements per year but 100 or more credit agreements at any given time. (Sec 40(1)(a))

A credit provider who provides incidental credit as a result of outstanding transactions are not obliged to register (Sec 40(1)(a))

A credit provider to whom a total principal debt is owed under all outstanding credit agreements of more than R 500 000 is also obliged to register with the National Credit Regulator. In calculating the total principal debt, the credit limit of a credit facility is a primary factor. (Sec 40(1)(b))