Reading Time: < 1 minute

The latest news on the appointment of a new National Credit Regulator ended when the Parliamentary Committee recently declining the applicant that was presented to them. So now it is back to the drawing board.

The candidate is set forward by the NCR board and a “new” Board has been appointed.

The Members of the new NCR Board are:

Mr Trevor Albert Bailey,
Ms Mercy Kenosi Mongalo,
Mr JD Pema,
Ms Constance Glerah Nxumalo,
Mr Mmatli Barnabas Ntlou
McDonald Netshitenzhe (DTI designate)

They have been appointed members of the NCR Board for a period of five (5) years

One of their first tasks is to find a new candidate to present to the Parliamentary Committee to consider. Let’s hope this is done soon, as it seems the NCR is in the doldrums waiting for this appointment before many important steps can be made to improve things for the industry.