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by Mohamed M.
new company offering finance/loan to another business
Hi there,I would like to know what is the legality on opening a company which then provides finance or a loan to another company/business? What are the requirements specifically for this type of company or business?
Category: Business Matters, Starting a Business
Region: South Africa, Western Cape
1 Answer
Because you will be entering into credit agreements with your clients, the law require registration and compliance with certain credit regulations.
You may contact the Financial Services Board for detailed guidance. www.fsb.co.za