The Citizen (KZN)

NCA has brought country to its knees

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About 400 000 customers were shed by the Edcon group, the culprit being the National Credit Act (NCA), a diabolical instrument which has brought the economy of this country to its knees.

Coupled to this is the overcapita­lised cartel of bloated bankers, who happily hide behind the NCA.

If this government wants meaningful transforma­tion, then the wheels of the economy must begin to rapidly turn again, creating jobs and inspiring entreprene­urs.

The ANC’s reality check is the shedding of jobs and closure of companies.

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