There are currently a number of Private Credit Bureaus operating in South Africa, that have access to a wide range of consumer information and are used by credit providers when assessing risk and granting credit to consumers.
According to the national credit act the National Credit Regulator has the authority to set-up a National Register of Credit agreements, which will most probably hold similar information as the private credit bureaus.
I am interested to hear your opinions regarding what possible benefits or risks there might be to credit consumers if the NCR would set-up such a register.