Athlone Stadium
You are Here: Property -> Articles -> R3m cut-off for Consumer Act

R3m cut-off for Consumer Act

Return to the Featured Business Articles.

R3m cut-off for Consumer Act

by BuaNews Online
25 Oct 2010
BuaNews Online
BuaNews Online

Businesses making a turnover of over R3 million will not be protected by the Consumer Protection Act, says Trade and Industry Minister Rob Davies.

The need to protect small business and the definition of a small business in terms of the National Small Business Amendment Act, No. 26 of 2003 were some of the considerations taken by Davies in determining the threshold.

The Act does not apply to transactions where the consumer is a juristic person whose asset value or turnover at the time of the transaction equals or exceeds the threshold value determined by the minister.

A juristic person includes a partnership, association or trust as defined in the Trust Property Act of 1988.
The threshold determination has been published in the Government Gazette for public comment, even though the Act does not require of the minister to issue the threshold for public comment.

"It is important that businesses should know beforehand whether they will be protected under the Act or [if] their customers who are juristic persons will be protected under the Act," said the department's spokesperson Sidwell Moloantoa Medupe.

The publication of the threshold in the Gazette will give business time to implement compliance procedures before the effective date of the Act on 1 April 2011.

Written submissions can be made to or faxed to (012) 394 2383. People can also contact Ntutuzelo Vananda at (012) 394 1383 by 31 October. - BuaNews

Return to the Featured Business Articles.

From our Directory

Are you craving for some divine Cape Malay Koeksisters? Simply First Distribution sells koeksisters as well as the syrup separately or added-on as requested. Call them now on 0724929919.

Ackermans is a value retailer of clothing, footwear and homewear. There's a store in the Athlone CBD that can be contacted on 021-6969626

Do you need a video or DVD of an event or special occassion? For Keepsake Video Services creates videos of weddings, birthday parties and other special events. Call them now on 0727296628.

Contact Us | About | Copyright | Advertising | Disclaimer

Website Design by BMSC-Online