Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/1337
DC FieldValueLanguage
dc.contributor.authorSewnunan, Teshani Devien_US
dc.contributor.authorGreen, Paulen_US
dc.date.accessioned2015-09-16T10:20:09Z
dc.date.available2015-09-16T10:20:09Z
dc.date.issued2015-
dc.identifier.citationSewnunan, T.D. and Green, P. 2015. The effect of the National Credit Act, 2005 on home loans: a selected case in South Africa. Public and Municipal Finance. Vol 4(1): 7-14.en_US
dc.identifier.issn2222-1875-
dc.identifier.urihttp://hdl.handle.net/10321/1337-
dc.description.abstractThe National Credit Act, 2005 (NCA) was introduced by the South African government mainly to bring about accessi-bility to credit markets, protect consumers from malpractices and market abuses by credit providers and reduce con-sumer over-indebtedness. As a result, credit providers are compelled to apply stringent rules and regulations when assessing a credit consumer’s affordability prior to granting home loans. The purpose of this paper is two-fold, firstly, to ascertain whether the NCA has prevented reckless lending by home loan providers, and secondly, to determine if the introduction of the NCA has prevented or reduced over-indebtedness amongst the home owners. The study ap-plied a mixed methods approach using a sample of 250 respondents from the Pinetown Metropolitan area of KwaZu-lu-Natal, South Africa. The results of the research indicated that the performance of affordability and credit risk procedures by credit providers helped to ensure the prevention of reckless lending and also reduced over-indebtedness in the long-term.en_US
dc.format.extent8 pen_US
dc.language.isoenen_US
dc.publisherBusiness Perspectivesen_US
dc.relation.ispartofPublic and municipal finance (Online)en_US
dc.subjectReckless lendingen_US
dc.subjectOver-indebtednessen_US
dc.subjectCredit providersen_US
dc.subjectNational Credit Acten_US
dc.subjectRisksen_US
dc.subjectHome Loansen_US
dc.subjectSouth Africaen_US
dc.subjectJEL Classification: G21, G28, I20en_US
dc.titleThe effect of the National Credit Act, 2005 on home loans: a selected case in South Africaen_US
dc.typeArticleen_US
dc.publisher.urihttp://businessperspectives.org/journals_free/pmf/2015/PMF_2015_01_Green.pdfen_US
item.fulltextWith Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.languageiso639-1en-
item.openairetypeArticle-
item.grantfulltextopen-
item.cerifentitytypePublications-
Appears in Collections:Research Publications (Accounting and Informatics)
Files in This Item:
File Description SizeFormat
PMF_2015_01_Green.pdf95.7 kBAdobe PDFThumbnail
View/Open
Show simple item record

Page view(s) 50

917
checked on Dec 22, 2024

Download(s) 50

690
checked on Dec 22, 2024

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.