First-time car buyer's checklist - Citizen

Thu, 21 Sep 2017 11:45:01 GMT


Citizen

First-time car buyer's checklist
Citizen
The F&I's role is regulated by the Financial Advisory and Intermediary Services (FAIS) Act as well as the National Credit Act (NCA). This means that they are legally obliged to give you financially sound advice and explain what you can and cannot afford.

and more »

Shoprite cashiers who accepted tips in court for theft - Times LIVE

Wed, 20 Sep 2017 08:35:00 GMT


Times LIVE

Shoprite cashiers who accepted tips in court for theft
Times LIVE
Seven Shoprite cashiers who were arrested after allegedly accepting tips from customers appeared in court in Cape Town on Wednesday charged with theft. The men and women were arrested in August after video footage showed them accepting money ...

Know your legal credit/ debit rights - Zululand Observer

Tue, 19 Sep 2017 13:28:12 GMT


Zululand Observer

Know your legal credit/ debit rights
Zululand Observer
IT is vital for all consumers to know their rights when applying for credit before signing on the dotted line. Below is some helpful advice from African Bank's Group Executive: Sales and Branch Network, Mellony Ramalho. Knowing whether or not a credit ...

Don't be fooled — all regulation is really about seeking to control you - Business Day (registration)

Tue, 19 Sep 2017 08:37:30 GMT


Business Day (registration)

Don't be fooled — all regulation is really about seeking to control you
Business Day (registration)
The National Credit Act keeps them poor and prevents transformation. In conflict with the stated objective of promoting credit for needy people, it forbids it and diverts it to the rich. The national credit regulator publishes one-size-fits-none ...

Don't be fooled — all regulation is really about seeking to control you - Business Day (registration)

Tue, 19 Sep 2017 08:37:30 GMT


Business Day (registration)

Don't be fooled — all regulation is really about seeking to control you
Business Day (registration)
National credit regulator officials and the National Consumer Tribunal, who pay no price for being wrong, think they are better judges of creditworthiness than experts whose livelihood depends on it. No one wants debtors to be more creditworthy than ...

SA's booming debt delinquency - Moneyweb.co.za

Mon, 18 Sep 2017 22:17:07 GMT


Moneyweb.co.za

SA's booming debt delinquency
Moneyweb.co.za
Some 16 000 South Africans are signing up each month for debt review as allowed under the National Credit Act (NCA). Whether this is a good or a bad thing depends on which side of the ledger you sit. The number of SA consumers in distress has grown ...

SA's booming debt delinquency - Moneyweb.co.za

Mon, 18 Sep 2017 22:17:07 GMT


Moneyweb.co.za

SA's booming debt delinquency
Moneyweb.co.za
Recent conversations that took place in parliament, where the National Credit Regulator (NCR) addressed the Portfolio Committee on Trade and Industry on proposals to offer lower income groups debt relief or exemption. This has alarmed the credit ...

The reasons we get into debt and how to get out of it - DestinyMan

Mon, 18 Sep 2017 11:01:40 GMT


DestinyMan

The reasons we get into debt and how to get out of it
DestinyMan
According to the National Credit Regulator (NCR), personal loans from banks accounted for about 75% of the credit granted to South Africans in 2016, while credit providers take second place, providing about 12% of the credit. Inflation is partly to ...

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ANALYSIS: How indebted consumers are stretching SA to its limits - Business Day (registration)

Tue, 12 Sep 2017 03:57:50 GMT


Business Day (registration)

ANALYSIS: How indebted consumers are stretching SA to its limits
Business Day (registration)
The Usury Act of 1968 was replaced by the National Credit Act of 2005. The National Credit Amendment Act in 2015 was a further tightening of the reins, especially in terms of the affordability assessments that credit providers are now required to perform.

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South Africa's Shoprite fined for “reckless lending” – regulator - CNBCAfrica.com

Fri, 08 Sep 2017 08:37:30 GMT


CNBCAfrica.com

South Africa's Shoprite fined for “reckless lending” – regulator
CNBCAfrica.com
“This judgment comes after an investigation by the National Credit Regulator (NCR) revealed Shoprite entered into credit agreements with consumers without conducting a reasonable and objective assessment of the consumers' ability to afford the loans,” ...
Government Fines Shoprite for Reckless LendingBusiness Post Nigeria (press release) (blog)

all 3 news articles »

Shoprite ordered to appoint debt counsellor to assess consumers' credit - Eyewitness News

Thu, 07 Sep 2017 05:36:24 GMT


Eyewitness News

Shoprite ordered to appoint debt counsellor to assess consumers' credit
Eyewitness News
The National Credit Regulator found that the retail giant was handing out loans completely against the National Credit Act. The Regulators Senior Legal Advisor Ntupang Magoolego says: “In terms of the Act, the consumer must afford a loan on the basis ...
Shoprite first big retailer to run foul of reckless-lending lawsBusiness Day (registration)
Shoprite slapped with R1 million fineIndependent Online

all 4 news articles »

Shoprite first big retailer to run foul of reckless-lending laws - Business Day (registration)

Thu, 07 Sep 2017 03:49:43 GMT


Eyewitness News

Shoprite first big retailer to run foul of reckless-lending laws
Business Day (registration)
The national credit regulator announced on Wednesday that the tribunal had fined Shoprite R1m for entering into credit agreements with consumers without conducting a reasonable and objective assessment of the consumers' ability to afford the loans.
Shoprite slapped with R1 million fineIndependent Online
Shoprite ordered to appoint debt counsellor to assess consumers' creditEyewitness News

all 4 news articles »

Shoprite guilty of reckless lending, fined R1m - Fin24 (press release)

Wed, 06 Sep 2017 16:45:48 GMT


Moneyweb.co.za

Shoprite guilty of reckless lending, fined R1m
Fin24 (press release)
The National Consumer Tribunal handed down judgment on Wednesday, after a probe showed that Shoprite did not conduct adequate checks to find out if its lenders could service its loans. National Credit Regulator (NCR) CEO Nomsa Motshegare said its ...
Shoprite found guilty of reckless lendingTimes LIVE
Shoprite whipped by regulatorMoneyweb.co.za
Shoprite Fined R1 Million For Reckless Lending To CustomersHuffington Post South Africa (blog)
Eyewitness News
all 14 news articles »

Shoprite found guilty of reckless lending - Times LIVE

Wed, 06 Sep 2017 08:09:43 GMT


Times LIVE

Shoprite found guilty of reckless lending
Times LIVE
“The National Credit Act is a complex piece of legislation‚ as acknowledged by the tribunal. The credit granting offices adhere to strict measures and are satisfied that the current process serves the best interests of its customers and is in ...
Shoprite guilty of reckless lending, fined R1mFin24 (press release)
Shoprite found guilty of reckless lending to the over-indebtedIndependent Online

all 14 news articles »

Five nabbed for possession of Sassa cards - South African Broadcasting Corporation

Tue, 05 Sep 2017 10:42:00 GMT


South African Broadcasting Corporation

Five nabbed for possession of Sassa cards
South African Broadcasting Corporation
Tuesday 5 September 2017 10:24. Sashin Naidoo. Police says the suspects will be charged with fraud and contravention of the National Credit Act. Police say the suspects will be charged with fraud and contravention of the National Credit Act.(SABC) ...

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Credit watchdog appeals against Finbond premiums ruling - Business Day (registration)

Mon, 04 Sep 2017 19:06:04 GMT


Business Day (registration)

Credit watchdog appeals against Finbond premiums ruling
Business Day (registration)
“The National Credit Act requires the tribunal to conduct its hearings in an inquisitorial manner,” said NCR company secretary Lesiba Mashapa. “If the tribunal needed any specific information, they could have requested such information from the NCR ...

Credit regulator cautions consumers to borrow wisely - Independent Online

Thu, 31 Aug 2017 11:03:45 GMT


Credit regulator cautions consumers to borrow wisely
Independent Online
Consumers should not see the current interest rate relief as an excuse to borrow more, the National Credit Regulator (NCR) said on Tuesday. "Consumers still need to be highly responsible and conservative when borrowing money," said Peter Setou, senior ...

Slaves To Debt: Oh, What We Owe! - Forbes Africa (blog)

Mon, 28 Aug 2017 08:13:05 GMT


Forbes Africa (blog)

Slaves To Debt: Oh, What We Owe!
Forbes Africa (blog)
South Africa saw a shift when government introduced the National Credit Act (NCA), in June 2007, to open up credit to those who struggled to get it. It worked, but problem is, it also steered the country down a slippery slope of debt. South Africa is ...

Homechoice feels the pressure of National Credit Regulator's rules - Business Day (registration)

Mon, 28 Aug 2017 07:56:19 GMT


Business Day (registration)

Homechoice feels the pressure of National Credit Regulator's rules
Business Day (registration)
Southern Africa's largest home shopping retailer, HomeChoice, delivered a double-digit rise in interim earnings despite the slow economy. CEO Shirley Maltz said this had been achieved through tight credit management and retail sales growth of 24%.

Loan shark arrested in Northam in possession of 846 SASSA cards - Bosveld Review

Wed, 23 Aug 2017 14:19:14 GMT


Bosveld Review

Loan shark arrested in Northam in possession of 846 SASSA cards
Bosveld Review
LIMPOPO – Hawks spokesperson, Captain Matimba Maluleke, says the suspect was remanded in custody by the Northam Magistrates Court, for contravention of Sec 20 of Social Security Act 13 of 2004 and National Credit Act 34 of 2005. The suspect was ...

Debt Counsellors

Marsia Kuypers

Tel: 082 396 2568

Fax: 086 556 3328

Area: Pretoria

Jan-Viljoen Coetzee

Tel: 084 549 1755

Fax: 086 621 9193

Area: Nina Park

Valerie Nakale

Tel: 018 381 8768

Fax: 018 381 8604

Area: Mafikeng

Dean Morris

Tel: 083 645 4094

Fax: 031 763 4363

Area: La Lucia

Joana Vivier

Tel: 053 832 6229

Fax: 086 543 4640

Area: Kimberley

Jacques Jooste

Tel: 011 794 7555

Fax: 011 794 9965

Area: Johannesburg

Marlene Stein

Tel: 012 667 4177

Fax: 086 527 2203

Area: Irene

Heidi Naude

Tel: 044 873 0281

Fax: 086 512 5012

Area: George

Herbert Theron

Tel: 011 472 0088

Fax: 086 655 6730

Area: Florida

Isabe Landman

Tel: 041 933 1189

Fax: 086 591 2676

Area: Despatch

Andiswa Tinto

Tel: 021 431 9134

Fax: 086 523 7084

Area: Cape Town

Jaco Janse Van Rensburg

Tel: 082 568 4969

Fax: 086 645 0389

Area: Barberton

Monique Snyders

Tel: 032 946 3024

Fax: 086 588 4605

Area: Ballito

Christopher Beukes

Tel: 084 2577599

Fax: 021 637 5023

Area: Athlone

Lydia Kinnear

Tel: 082 824 6338

Fax: 086 537 5976

Area: Annlin

Anlizette Schuurman

Tel: 031 903 3840

Fax: 031 701 5570

Area: Amanzimtoti

Kelebogile Mooketsi

Tel: 082 299 3430

Fax: 086 695 3280

Area: Amandasig

Annerie Marais

Tel: 083 703 0486

Fax: 045 838 6572

Area: Aliwall North

Rerandzo Mokgwatlheng

Tel: 082 430 6329

Fax: 011 805 8348

Area: Alexandra Township

Daniel Lezar

Tel: 011 907 1022

Fax: 011 907 1490

Area: Alberton