Hi all,

I'm a newb and have spent the last hour having a few fascinating reads on the forum.

I stumbled upon theforumsa.co.za whilst Googling the credit act and its many regulations. It's a financial minefield out there and after tip-toeing around a few chaotic websites offering the act verbatum, I followed a link, which I'm pleased to say, has me engrossed and unable to continue with a project that is already way past deadline. Ho-hum....

I could ramble on for many more paras but I came here for an answer to a question, and I have a good feeling that someone out there is going to save me hours of trawling through (mis)information on the web.

My question:
Does a business that provides a fixed term monthly subscription service, with the option of purchase or automatic ownership of the product after the agreed subscription term, need to be registered with the NCR?

I think it may be termed a sort of rent-to-own agreement?

Thank you, oh clever ones, in anticipation of some solid financial advice ;-)

regards