For example,  BIS central bankers’ speeches  3  of 98,000 personal dwelling home (PDH) accounts more than 90 days in arrears at end June, fully 74,000 – or three out of every four – were not yet in an arrangement. Why have the banks been so slow in acting?
It may be, as many have suggested, that the delay in correcting the legislative defect identified by the Dunne judgement did represent a delay – though it should not have deterred non-repossession action. The moratorium, and the CCMA restrictions designed to prevent harassment by debt collectors, likely have contributed to some delay, but have also been used as excuses.