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The official countdown has begun...

We are proud to announce that the 8th of April will see the South African Bank of Athens rebrand as a new bank.

Keep an eye on this space for more information!

The Act creates and promotes an economic environment that supports and strengthens a culture of rights and responsibilities. It protects consumers from exploitation and unfair practices in the market place and empowers consumers to make wise purchasing decisions.

  • To promote a fair, accessible and sustainable market place for consumers.
  • Provide greater protection for vulnerable and low literacy individuals.
  • Protect consumers from unfair trade practices.
  • Promote a unified consumer system, whereby all transactions and agreements will be interpreted and enforced.
  • Replace outdated legislation, in a simplified comprehensive manner which applies to business transactions and agreements throughout South Africa.
  • Promote consumer empowerment and provide an efficient system of redress for consumers.
  • Equality in the consumer market
  • Protection from discriminatory marketing practices
  • Privacy
  • Choice
  • Disclosure of information
  • Fair and responsible marketing
  • Fair and honest dealing
  • Fair, just and reasonable terms and conditions
  • Fair value, good quality and safety
Services which are provided by an employment contract and are covered by the Labour Act are exempt from the Act. Services and goods that are provided to the government are exempt from the Act. Some aspects of the financial services industry are also exempt from the Act. Industries that are given exemption by the DTI are exempt from the Act. 

Any transaction where the consumer is a body corporate or a partnership, association or trust, and the asset value either exceeds or is equal to a threshold of R2,000,000. Consumers have the right to escalate their complaints falling within the ambit of the Act. The following regulatory bodies have been developed to assist consumers:

The National Consumer Tribunal
+27 860 627 627 / +27 12 663-5615
Should you have any further enquiries kindly contact our Customer Care Centre on +27 861 102 205 or alternatively visit your nearest suite.