Repossessing a Car in South Africa: The Process
Repossessing a car is a subject that is become more and more important in the ever-changing South African automotive market. Lenders and borrowers alike must be aware of the complexities of the repossession procedure because of the erratic nature of the economy and the occasionally overwhelming nature of financial commitments. This extensive blog article attempts to give a thorough rundown of the legal and practical facets of automobile repossession in South Africa. Structure of Law The National Credit Act (NCA) is the main body of legislation in South Africa controlling auto repossessions. Both the customer and the credit provider have