{"id":89753,"date":"2025-09-13T06:43:03","date_gmt":"2025-09-13T06:43:03","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations"},"modified":"2025-09-13T06:49:26","modified_gmt":"2025-09-13T06:49:26","slug":"trade-minister-parks-tau-withdraws-credit-regulations","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations","title":{"rendered":"Trade Minister Parks Tau Withdraws Credit Regulations"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>Trade and Industry Minister Parks Tau has withdrawn the draft regulations that would have potentially seen people with student debt blacklisted.<\/p>\n<p>The department recently gazetted for public comment several draft amendments to the National Credit Act of 2005.<\/p>\n<p>The withdrawal comes after Tau faced a public outcry over the amendments he said were set to strengthen consumer protections, how credit bureaus handle customer information and conduct affordability assessments.<\/p>\n<p>The amendments would have opened up access for credit bureaus to have access to information held by state organs involved in fraud investigations and consumers\u2019 criminal records.<\/p>\n<p>Tau previously defended the move, saying the proposed changes are meant to ensure access to finance for Small, Medium, and Micro Enterprises (SMMEs) and not prejudice graduates who owe universities fees.<\/p>\n<p>He said the decision to withdraw the proposed amendments was informed by the overwhelming public response.<\/p>\n<p>This includes more than 20,000 submissions received by the department before the closing date for public comments.<\/p>\n<p>Most of the responses were opposed to the proposed regulations.<\/p>\n<p>The minister said he will look into a process that will consider the changes that are required to protect students, while continuing with efforts aimed at improving access to finance for SMMEs in order to plug the credit funding gap that currently exists.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Trade and Industry Minister Parks Tau has withdrawn the draft regulations that would have potentially seen people with student debt blacklisted. The department recently gazetted for public comment several draft amendments to the National Credit Act of 2005. The withdrawal comes after Tau faced a public outcry over the amendments he said [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":89752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[275],"class_list":["post-89753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trade Minister Parks Tau Withdraws Credit Regulations - South Africa<\/title>\n<meta name=\"description\" content=\"Trade and Industry Minister Parks Tau has withdrawn the draft regulations that would have potentially seen people with s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade Minister Parks Tau Withdraws Credit Regulations\" \/>\n<meta property=\"og:description\" content=\"Trade and Industry Minister Parks Tau has withdrawn the draft regulations that would have potentially seen people with s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-13T06:43:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-13T06:49:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1757733416.601128.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Trade Minister Parks Tau Withdraws Credit Regulations\",\"datePublished\":\"2025-09-13T06:43:03+00:00\",\"dateModified\":\"2025-09-13T06:49:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations\"},\"wordCount\":229,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1757733416.601128.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/trade-minister-parks-tau-withdraws-credit-regulations\",\"name\":\"Trade Minister Parks Tau Withdraws Credit Regulations - 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