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New study to reveal profile of over-indebted South Africans

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Cape Town – National Treasury will conduct a new study to identify the profile of over-indebted South Africans, in particular low-income earners.

At a Parliamentary briefing on August 16, Katherine Gibson, senior advisor of market conduct and financial inclusion at National Treasury, outlined the preliminary terms of reference for the study, which will inform the portfolio committee on trade and industry’s draft legislation to give effect to the Department of Trade and Industry’s (DTI) policy to provide debt relief to over-indebted consumers.

READ: Prioritise debt relief for the poorest of the poor - National Treasury 

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