How much money South Africans save each month based on their earnings - BusinessTech

Tue, 25 Jul 2017 11:14:30 GMT


BusinessTech

How much money South Africans save each month based on their earnings
BusinessTech
Meanwhile, the National Credit Regulator (NCR) said about 10-million South Africans were over-indebted, which meant they were unable to meet their financial obligations timeously. According to the NCR, South Africa has a total of 23.88 million credit ...

Inquiry told of timshare tricks and traps - Independent Online

Tue, 25 Jul 2017 06:52:00 GMT


Independent Online

Inquiry told of timshare tricks and traps
Independent Online
Pretorius alleged that, contrary to the National Credit Act, the company had not completed an affordability assessment. The husband was a labourer and his wife was on a state disability grant. “When a person with a certain disability presents ...

and more »

Consumer debt poses major risk factor for banks - Independent Online

Mon, 24 Jul 2017 09:27:00 GMT


Independent Online

Consumer debt poses major risk factor for banks
Independent Online
In testimony before parliament last year, Nomsa Motshegare, National Credit Regulator (NCR) chief executive, said as at the end of September 2015 the country's gross debtors' book stood at a whopping R1.6-trillion, while the total credit rand value of ...

S&P sees high household debt as a risk for SA banks - Independent Online

Fri, 21 Jul 2017 05:17:04 GMT


Independent Online

S&P sees high household debt as a risk for SA banks
Independent Online
The National Credit Regulator (NCR) said about 10million South Africans were over-indebted, which meant they were unable to meet their financial obligations timeously. Matthew Pirnie, an analyst at S&P, said the rating agency expected very modest ...

and more »

Don't use your car as collateral for a loan - Northglen News

Fri, 21 Jul 2017 04:01:58 GMT


Northglen News

Don't use your car as collateral for a loan
Northglen News
The NCR has referred Sun Finance South Africa (Pty) (Ltd) to the National Consumer Tribunal following its investigation, which revealed that terms of the “pawn to drive” agreement entered into by Sun Finance were in contravention of the National Credit ...

Don't use your car as collateral for a loan - Northglen News

Fri, 21 Jul 2017 04:01:58 GMT


Northglen News

Don't use your car as collateral for a loan
Northglen News
The NCR has referred Sun Finance South Africa (Pty) (Ltd) to the National Consumer Tribunal following its investigation, which revealed that terms of the “pawn to drive” agreement entered into by Sun Finance were in contravention of the National Credit ...

Know your consumer rights: Motherwell residents told - RNews

Thu, 20 Jul 2017 10:11:43 GMT


RNews

Know your consumer rights: Motherwell residents told
RNews
He stressed that all money lenders must be registered with the National Credit Regulator (NCR). “This was formulated to counter the pattern of abuse that we had identified [among] money lenders. The most common practice that is prevalent is that of the ...

and more »

Shoprite Group total turnover increases to ZAR140.7 billion - BizNis Africa

Wed, 19 Jul 2017 08:12:57 GMT


BizNis Africa

Shoprite Group total turnover increases to ZAR140.7 billion
BizNis Africa
The Group's furniture division still faced industry challenges around affordability requirements of the National Credit Act and subdued durable purchases, with the result that sales grew by 6.2% for the period (4.3% if compared to 53 weeks). The Other ...

Gigaba backs proposed bill providing debt relief - Business Day (registration)

Tue, 18 Jul 2017 03:46:57 GMT


Business Day (registration)

Gigaba backs proposed bill providing debt relief
Business Day (registration)
It started the process in 2014 and all the banks, the Banking Association SA, the Reserve Bank, the National Credit Regulator (NCR), debt counsellors and other stakeholders have made submissions. A subcommittee has been working on the proposals for ...

and more »

LETTER: Credit Act's big benefits - Business Day (registration)

Mon, 17 Jul 2017 03:54:47 GMT


Business Day (registration)

LETTER: Credit Act's big benefits
Business Day (registration)
Brian Kantor argues that scrapping the National Credit Act would allow consumers and lenders freedom to contract and help transform the economic prospects of consumers in the informal economy (Scrapping the credit act would change the lives of millions ...

You can save even if you're paying off debt - Independent Online

Sun, 16 Jul 2017 17:00:28 GMT


Independent Online

You can save even if you're paying off debt
Independent Online
The Credit Ombud's view was that the credit provider should have given greater consideration to her expenses when conducting affordability assessments, as required by the National Credit Act. The actions of the credit provider were tantamount to ...

How R50,000 loan became a R1.4m debt - Financial Mail (registration)

Sun, 16 Jul 2017 05:11:05 GMT


Financial Mail (registration)

How R50,000 loan became a R1.4m debt
Financial Mail (registration)
Barnardt said if there had "not been a miscalculation, it is a travesty of justice; it was never the intention of the National Credit Act for debts to escalate in debt review". She questioned why statutory in duplum (Latin for double the amount) had ...

and more »

How R50,000 loan became a R1.4m debt - Financial Mail (registration)

Sun, 16 Jul 2017 05:11:05 GMT


Financial Mail (registration)

How R50,000 loan became a R1.4m debt
Financial Mail (registration)
Barnardt said if there had "not been a miscalculation, it is a travesty of justice; it was never the intention of the National Credit Act for debts to escalate in debt review". She questioned ... These programs are endorsed by the National Credit ...

and more »

How retailers are fleecing customers with club fees - Financial Mail (registration)

Thu, 13 Jul 2017 21:18:10 GMT


Financial Mail (registration)

How retailers are fleecing customers with club fees
Financial Mail (registration)
It found Edcon contravened the National Credit Act by adding the club fee to its credit agreements. Edcon has issued more than 1.4m store cards with club fees charged to them, representing 56.8% of its client base. It reported club fees of R590m in its ...

How retailers are fleecing customers with club fees - Financial Mail (registration)

Thu, 13 Jul 2017 21:18:10 GMT


Financial Mail (registration)

How retailers are fleecing customers with club fees
Financial Mail (registration)
Now, the National Credit Regulator (NCR) has declared war on these fees, hauling Edcon, Lewis and TFG — owner of Totalsports and Foschini — to the national consumer tribunal for breaching credit regulations. "It began in 2015, when the NCR focused ...

TFG to fight back over club charges - Business Day (registration)

Wed, 05 Jul 2017 03:46:40 GMT


Business Day (registration)

TFG to fight back over club charges
Business Day (registration)
Clothing retailer The Foschini Group (TFG) is the latest of a number of retailers to come under the spotlight of the National Credit Regulator (NCR) for allegedly charging a club fee on its credit agreements with the group having been referred to the ...
NCR tackles Foschini over club magazine subscriptionsIndependent Online
Consumer regulator goes after third retailer charging 'illegal' club feeSowetanLIVE
TFG referred to the Consumer Tribunal for club feesMoneyweb.co.za
BizNews -Citizen
all 19 news articles »

NCR tackles retailers as Foschini joins Mr Price and Edcon in breach of National Credit Act - BizNews

Tue, 04 Jul 2017 09:20:40 GMT


Northglen News

NCR tackles retailers as Foschini joins Mr Price and Edcon in breach of National Credit Act
BizNews
“The club fee charged by Foschini is reflected in consumers' credit agreements,” the NCR said in a statement on Tuesday. “The charging of a club fee on credit agreements is not permitted by the National Credit Act.” “The National Credit Act allows ...
Foschini referred to tribunal for flouting Credit ActNorthglen News
TFG to fight back over club chargesBusiness Day (registration)
South African retailer TFG to fight credit regulator on club feesReuters
Citizen -Moneyweb.co.za
all 19 news articles »

Beware club fees on credit agreements - Independent Online

Sat, 01 Jul 2017 05:23:20 GMT


Independent Online

Beware club fees on credit agreements
Independent Online
“The National Credit Act (NCA) allows consumers, before signing credit agreements, to be given a quotation that sets out the cost of credit. Consumers should request this quotation from their credit providers so that they can properly check the cost of ...

Beware club fees on credit agreements - Independent Online

Sat, 01 Jul 2017 05:23:20 GMT


Independent Online

Beware club fees on credit agreements
Independent Online
THE recent referral by the National Credit Regulator (NCR) of Mr Price to the National Consumer Tribunal after an NCR investigation found that the retailer had charged consumers a club fee on their credit agreements has highlighted questionable credit ...

Nkandla community warned about 'abomashonisa' - Citizen

Tue, 27 Jun 2017 17:50:19 GMT


Citizen

Nkandla community warned about 'abomashonisa'
Citizen
He said one of the main objectives of the National Credit Act is to curb reckless landing and to assist over-indebted consumers. “Those who are over-indebted are encouraged to approach a registered debt counsellor who will assess their financial means ...

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