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Podcast: The Daily Discourse
Episode: Student debt crisis in South Africa
Description: Earlier this month, the Department of Trade and Industry proposed to amend the National Credit Act when it placed a draft proposal for public comment. The amendment would see higher education institutions hand over student information to creditors and put students at risk of blacklisting for student debt and the department argued that the intervention would protect consumer rights. There was widespread public outcry to this proposal. During the public comment period, over 20 000 submissions were sent to the Director-General rejecting the proposal prior to this past Friday's deadline. The Ministry has since released a statement withdrawing this proposal and r...