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[FILE IMAGE]: Students were demanding among others that students with historical debt be allowed to register and for the institutions to help provide students with accommodation.
The African National Congress Youth League (ANCYL) has welcomed the decision by the Minister of Trade, Industry and Competition, Parks Tau, to withdraw the draft regulations that would have resulted in student debt being listed with credit bureaus. The league says this development comes as a relief to many young people who are already burdened by the weight of unemployment, financial exclusion, and the broader challenges of economic hardship.
ANCYL National Spokesperson, Zama Khanyase, says such decisions should not be made in future.
Minister Tau withdraws the National Credit Act amendment regulations pic.twitter.com/DFF9QsCYzr
— the dtic (@the_dtic) September 11, 2025
“We believe that they are going back to the drawing board. So, there is a proper submission to be given to the communities of South Africa to be able to engage on it and make the inputs. Of course, this happens after, as the ANC Youth League was one of those who were on the forefront of calling for the withdrawal of this particular point, where they suggested that students who have debts or who are owing universities would also be up for being blacklisted with the credit bureaus in South Africa. We are against this because we believe that it would dampen the future of the students and make their situations worse. It is the government of South Africa that must actually intervene and assist them,” says Khanyase.
The ANCYL welcomes the decision by the Minister of Trade, Industry and Competition, Parks Tau, to withdraw the draft regulations that would have resulted in student debt being listed with credit bureaus.#ANCYLatWork pic.twitter.com/K0pzIyGYqd
— ANCYL (@ANCYLhq) September 12, 2025
VIDEO | Minister Tau withdraws National Credit Act amendment regulations
