Thank you House Chair. Minister, the debt relief Bill, which was a pre-election ANC party trick, has now come back to haunt your party in a spectacular fashion at the expense of the poor. It is very clear from all the available evidence that the National Credit Amendment Act will now become one of the single biggest hurdles to financial inclusion for low-income people in the credit market. This, despite every expert and the opposition at the time warning the then Minister, the ANC and the President. This was best articulated in your own government's commissioned study into the impacts of the Act, which stated that it will be net negative for financial inclusion, will drive up the costs of credit for people and enrich loan sharks to the tune of R7 billion; and which the President chose to ignore in submissions made to him.