Tag Archives: NCA amendments

Standard Bank’s Presentation at Parliament (Re: Debt Intervention)

Standard Bank’s Presentation on the Draft NCA Amendment Bill

Standard Bank joined a number of other interested parties in making a public presentation about the Portfolio Committee on Trade & Industry’s proposed changes to the National Credit Act, this month.

Presenting at Parliament in front of the committee and onlookers, the bank pointed to the existing debt relief measures that are already in place such as Debt Review, Sequestration and Administration. They also highlighted how, as an institution, they go beyond these measures to help their clients with settlements and write-offs under various circumstances.

Subsidise Debt Counsellor’s Earnings?

The bank feels that it might be better to make better use of debt review to meet the needs of lower-income consumers and even spoke of subsidising earnings for Debt Counsellors who assist these type of consumers (as was done in the past via the NCR). Debt Counsellors have not only capacity but also experience in these financial matters and may be better suited than temporary staff at the Regulators office used periodically.

Many who presented feel that the NCR even with a huge boost to it’s budget cannot hope to fill the role thrust upon it by the draft Bill.

Download SBSA’s Presentation

Standard Bank

 

 

 

NDCA’s Presentation at Parliament (Re: Debt Intervention)

NDCA’s Presentation on the Draft NCA Amendment Bill The Portfolio Committee on Trade & Industry has been hearing public comments and presentations on their draft amendments to the National Credit Act. An association of the large Debt Counselling firms in South … read more

Public Hearings At Parliament About Draft NCA Amendments

Public Hearings About Draft NCA Amendment Bill Recently, the Portfolio Committee on Trade and Industry introduced a draft bill that could soon become law. The Bill introduced the concept of “Debt Intervention” a system where the Minister of Trade and … read more