Act and Section Name:
Section 5(2)(b) of the Consumer Protection Act 68 of 2008

Area of Law:
Consumer protection

Summary:
Section 5(2)(b) of the Consumer Protection Act stipulates –

“(5)      This Act does not apply to any transaction –

 (b)       in terms of which the consumer is a juristic person whose asset value or annual turnover, at the time of the transaction, equals or exceeds the threshold value determined by the Minister in terms of section 6…”

The Government Gazette sets out the monetary threshold as determined by the Minister, in respect of the monetary size of a juristic person, which is currently set at R2 000 000.00 (Two Million Rand).

Importance / Value
A juristic person, whose asset value or annual turnover equals or exceeds R 2 000 000.00 (Two Million Rand) cannot rely on any of the provisions set forth in the Consumer Protection Act 68 of 2008.

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