NCA and Employer Loans
However, navigating the regulatory landscape, particularly the
National Credit Act (NCA) enforced by the National Credit
Regulator (NCR), has become increasingly complex. Any loan
agreements between employers and employees, especially
those involving charges, fees, or interest, are subject to
scrutiny under the NCA. This often necessitates registration
with both the NCR and the Financial Sector Conduct
Authority (FSCA), a cumbersome process for many employers.