By Danielle Campbell-Lowe –
Acting Tourism, Industry and Commerce Minister Irfaan Ali said the ministry is currently working on a hire purchase bill that will protect the rights of consumers in a growing credit-driven sales economy. The minister disclosed that lots of consumers are awaiting the act, due to the wide variation in the hire purchase agreement and services available.
“We must ensure that we provide the consumers with the right legislative framework through which they can be protected, and it is for this reason that we believe a hire purchase act is essential in the present circumstances and business environment.” The minister stated that the hire purchase bill will definitely be a priority of government.
