WOZA MMELI

An Acknowledgment of Debt records that a debtor owes a sum (or defined obligation) and how it will be settled. Under South African practice it is commonly used for existing or crystallised debts—not a substitute for regulated credit agreements where the National Credit Act applies. Your answers built this draft; read it carefully and resolve any uncertainty about amount, parties, or repayment before anyone signs:

• ✍️   The debtor and the creditor should sign every page and at the end, in each other's presence.
• 📍   The signature page indicates where each party should sign above the description of their role or name.
• 📅   Remember to fill in the date and place of signature. Spaces have been provided for this on the signature page.
• 📝   If you make any handwritten changes before signing, each party should initial those changes in the margin.
• 👥   If witnesses are used, they should not be parties to the debt; each witness should sign only where indicated.
• 🖊️   Each witness should follow the same approach: sign where indicated on each page they witness.
• 🖨️   On the signature page, parties and witnesses should print their names below their signatures.
• 🔐   Each party should retain a copy of the signed document, and the original should be kept in a safe place.

Once you've finished signing, keep the original in a safe place and ensure both parties know where to find it. Copies may be kept with your records or your attorney.

Well done on completing your Acknowledgment of Debt. A clear written record protects both the creditor and the debtor.

Please review and, if necessary, replace or supplement this acknowledgment if the amount outstanding, repayment plan, or parties change.