Submit to Cabinet the National Leasing Finance proposal, aimed at creating a legal environment conducive to leasing, by supplementing the 1974 Hire Purchase Act.
Introduced at R1. Macroeconomic rationale: Improve access to financing for small and medium-sized enterprises. At R2R3, met; there was a change in concept/modality. The new FIA makes provision for leasing finance. Work began in May 2011 to prepare the necessary regulations.