PART 1

The National Credit Act 34 of 2005 brought about significant changes in the way credit is regulated in South Africa. discuss the differences between the old and the new legislation.

Your answer must include the following: A brief overview of the old legislation (Hire Purchase Act 36 of 1942

, Usury Act 73 of 1968, Credit Agreements Act 75 of 1980);

Reasons for the changes in the legislation; Definition of a credit agreement (in terms of the legislation)

Types of credit agreements (in terms of the new legislation)

The regulation of over indebtedness and reckless spending Regulatory institutions that will oversee the credit industry PART 2

A4 poster briefly illustrating the effect of the Electronic Communications and Transaction Act 25 of 2002 (ECT) on information and communications technology with specific reference to the relevant sections of the ECT Act/ Legislation.

Your poster must include the following:

o The purpose of ECT; o Validity of electronic transactions and contracts; o Types of internet contracts; o Consumer protection; o Consumer's right to cancel; o Data privacy; ando Cyber-crime.

PART 3

pamphlet informing the consumer of their rights as set out in the Consumer Protection Act 68 of 2008.

Your pamphlet must include the following: The purpose of the CPA Who may lodge consumer complaints? When does the CPA apply? When does the CPA not apply? Explanation of the right to Equality in the Consumer Market and Protection against Discriminatory Market Practices

Explanation of the right to Fair and Honest Dealings List of useful contact numbers and websites.

POSSIBLE SOURCES National Credit Regulator - www.ncr.org.za Havenga et al (2007) Fouche, MA