The first cases dealing with aspects of the National Credit Act are filtering through.
For example, in the November 2008 Juta’s Law Reports, there is a case reported, Bridgeway vs. Markam where the Witwatersrand local division of the High Court held that a discounting agreement whereby a Seller sells his rights to receive payment of the purchase price, is NOT a credit agreement as defined in the National Credit Act 34 of 2005 and accordingly the discounter (who advances funds) does not have to comply with Sections 129 and 130 of the National Credit Act before the discounter can take legal steps.
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