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Financial & Debt

Credit agreements fall under the National Credit Act 34 of 2005 when the NCA applies. The Consumer Protection Act may overlap for consumer agreements. In 2026, ensure registration status of credit providers and prescribed cost limits where applicable.

Financial & Debt

Acknowledgment of Debt (AOD)

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Formal, signed acknowledgment of liability (also known as an Acknowledgement of Debt or AOD)—often used to interrupt prescription under the Prescription Act 68 of 1969 when properly structured.

Prescription Act 68 of 1969 National Credit Act 34 of 2005 (if a credit agreement) Consumer Protection Act 68 of 2008
R 520
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Loan Agreement

Document principal, interest (if any), repayment, and security expectations between lender and borrower.

National Credit Act 34 of 2005 (where applicable) In duplum rule and common law interest
R 299
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Sales Agreement

Sale of movable goods with warranties, delivery, and CPA-implied warranties for consumer transactions.

Consumer Protection Act 68 of 2008 Sale of Goods (common law)
R 249
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Promissory Note

Written promise to pay a sum on demand or on a fixed date—structure carefully alongside the Bills of Exchange Act where relevant.

Bills of Exchange Act 34 of 1964 National Credit Act 34 of 2005 (if applicable)
R 249
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Important disclaimer

This site provides general legal information and document tools only—not legal advice. South African law changes through Acts, regulations, and case law. Confirm your position with an admitted attorney or notary, especially for wills, property transfers, credit agreements, and court filings.