Section 127(8)(a) of the National Credit Act, by necessary implication, confers exclusive jurisdiction on magistrates' courts for claims to recover shortfalls after voluntary surrender of goods under credit agreements. The phrase 'in terms of the Magistrates' Courts Act' is not superfluous; it serves to exclude the High Court's jurisdiction for these matters. The High Court's jurisdiction is not preserved by general statutory language elsewhere in the Act, and the specific wording in section 127(8)(a) demonstrates a deliberate legislative choice to mandate proceedings in the magistrates' cour…
