Albert Elliott is the executive director of the Consumer Credit Association. Albert, this thing sounds like an absolute minefield at the moment.
Not really Bruce. If you recall, I think I spoke to you some while ago when one of your listeners received an offer from Woolworths and then after speaking to me you contacted somebody down in Cape Town who agreed with what I was saying at the time.
A minefield, no. What is happening is that the companies are making offers and really they are making an offer to do business. What you need to do is say, yes or no; I accept or I don't accept. When you speak of future legislation as your previous attorney spoke of, first of all you have got the National Credit Act, which has already been promulgated. However, there is a section of that act which will be implemented on the first of June next year and that has a whole section on marketing and what they call, the opt out option.
As far as that act is concerned, if company A makes an offer to you out of the blue, as your listeners are talking about, you then have the right and you just mentioned it, to tick the box or write the answer and say no, I don't want any more. Or yes, don't forget there is always the option that there are people out there who want to say yes. So you have given them the option and then when you say no, company A must then, in terms of the new act, they have to create a register with all the names of people that said no, we are opting out.
Having said that Bruce, you then have another act that is in the wings at the moment, the [Protection of the Consumer], and there they are going to have a national register of opting out. It is always going to be Bruce, I am going to make you an offer and you have the right to say yes or no. That is where it is at the moment.
Albert Elliott, thank you very much indeed, executive director of the Consumer Credit Association. Does that mean I can take my vuvuzela at three o?clock in the morning, stand on your pavement, and blow it until you ask me to stop? Maybe I shouldn?t be blowing it in the first place.