Guthrie & Theron | Attorneys in the Overberg Region

Lending to a friend: The R7 million, the law and the risks!

“Be careful about lending a friend money. It may damage her memory.” (Anonymous) Of the many potential pitfalls inherent in making loans to friends, one of the more dangerous (but lesser-known ones) is that presented by the requirements of the National Credit Act (NCA). It’s a serious risk – failure to comply with the NCA’s […]