{"id":90369,"date":"2025-09-26T17:00:32","date_gmt":"2025-09-26T17:00:32","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa"},"modified":"2025-09-26T17:28:18","modified_gmt":"2025-09-26T17:28:18","slug":"new-credit-laws-proposed-for-south-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa","title":{"rendered":"New Credit Laws Proposed for South Africa"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>South Africa will press ahead with changes to its credit laws to make lending to smaller firms easier, heeding a call by the top banking lobby group that had criticized the government\u2019s withdrawal of the plans.<\/p>\n

Earlier this month, Trade, Industry and Competition Minister Parks Tau withdrew the draft amendments to the National Credit Act, scuppering changes that banks had sought to make it easier for them to grant more loans to small businesses.<\/p>\n

The Banking Association of South Africa wrote to the minister, saying the withdrawal botched the policy-making process and saw the minister cave in to political pressure, derailing efforts to close a R350 billion funding gap for small- and medium-sized businesses in the country.<\/p>\n

In response, Tau said he \u201cacknowledges the damage that was done and that he has instructed his officials to work at reintroducing these amendments,\u201d Business Unity South Africa CEO Khulekhani Mathe said in an online briefing Thursday. The banking association is a member of BUSA.<\/p>\n

The minister is in the US \u2014 where he recently held talks with top trade officials \u2014 but will meet with the business lobby groups on his return to \u201cgo through what happened and how we can avoid that repeating,\u201d Mathe said.<\/p>\n

\u201cHe did send an official to meet with us and just reassure that he understands the damage that was done and is working to have the amendments reintroduced,\u201d Mathe said.<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South Africa will press ahead with changes to its credit laws to make lending to smaller firms easier, heeding a call by the top banking lobby group that had criticized the government\u2019s withdrawal of the plans. Earlier this month, Trade, Industry and Competition Minister Parks Tau withdrew the draft amendments to the […]<\/p>\n","protected":false},"author":84,"featured_media":90368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-90369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"\nNew Credit Laws Proposed for South Africa - South Africa<\/title>\n<meta name=\"description\" content=\"South Africa will press ahead with changes to its credit laws to make lending to smaller firms easier, heeding a call by ...\" \/>\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\/new-credit-laws-proposed-for-south-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Credit Laws Proposed for South Africa\" \/>\n<meta property=\"og:description\" content=\"South Africa will press ahead with changes to its credit laws to make lending to smaller firms easier, heeding a call by ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa\" \/>\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=\"2025-09-26T17:00:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-26T17:28:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758895033.632995.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\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\/new-credit-laws-proposed-for-south-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"New Credit Laws Proposed for South Africa\",\"datePublished\":\"2025-09-26T17:00:32+00:00\",\"dateModified\":\"2025-09-26T17:28:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa\"},\"wordCount\":252,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758895033.632995.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-credit-laws-proposed-for-south-africa\",\"name\":\"New Credit Laws Proposed for South Africa - 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