Auditor General Gives NCR Clean Audit
The NCR has received a clean audit for the 2017/2018 financial year. This is an indication that the Auditor General found no irregularities or issues when the NCR was considered.
The NCR, along with other departments that fall under the DTI, are said to have a good reputation for paying promptly (within 30 days) and avoiding any wasteful spending. The clean audit also indicates that there has been good supply chain management and no irregular spending.
The National Consumer Tribunal (NCT) also received the thumbs up from the Auditor General for the same period.
Gauteng High Court Rules For DTI & NCR over Interest Rates The Minister of Trade and Industry & the National Credit Regulator vs Micro Finance South Africa case no A172/17 The Full Bench of the North Gauteng High Court has … read more
Debt Review Awards Gala 2018 The 2018 Annual Debt Review Awards Gala was held on Saturday 2nd June at the River Club in Cape Town. The Awards recognises excellence in the field of debt review. Guests arrived from across the … read more
Debt Intervention Misinformation Already Starting It seems that the NCR is in for a very hard time in the weeks and months ahead as consumers and the media grab hold of the Debt Intervention concept mentioned in the Portfolio Committee … read more
What Might The NCA Amendments Bring? Since the National Credit Act came into effect with it’s updated and much improved Section 103(5) Induplum rule credit providers have avoided understanding the complex x by 2 formula. Section 103(5) sets a limit … read more
What Debt Relief Provisions Might Be Included In Amendments to the NCA? As South Africa falls deeper and deeper into economic hard times, more and more consumers are becoming debt stressed. Those who don’t yet have access to credit want … read more
Debtfree Magazine Online – Read It Right Now The latest Debtfree Magazine is available to read online right here (BELOW). This issue we not only catch up on the latest news and goings on in the industry but also consider … read more
DCASA Speaker Announced read more
Minister Davies To Appeal Rate & Fee Ruling Recently the Pretoria High Court set aside certain changes that were made to the National Credit Act (NCA) Regulations about how much a credit provider can charge for certain types of credit. … read more