NCR Income & Salary Stats
The large number of staff who work at the National Credit Regulator (NCR) work hard and get paid for their work. You may wonder however what (and how much) it takes to run such a large and busy organisation.
At the recent NCR presentation to the Portfolio Committee on Trade & Industry, the NCR discussed their salaries and planned budget for the next year or two.
The NCR’s income for 2018/2019 was: R137 611 000
The NCR’s income for2019/2020 it was: R167 733 000
The NCR’s income for2020/2021 it is: R157 803 000
For the 2021/22 financial year, they project it to be R169 400 000
In part that income, for this financial year, consists of a DTI grant of R71 272 000 as well as fees from registrants (credit providers, PDAs, Credit Bureaus and Debt Counsellors etc) of R52 002 000.
Going into that income pot is also the recovery of costs for investigations (into registrants) and other sources that amounted to R34 529 000 for 2020/21.
Payments of salaries is a huge part of any business or institutions costs. Here are the recent and projected NCR wage costs from 2018 until next year:
2018/19: R85 297 000
2019/20: R89 612 000
2020/21: R87 366 000
2021/22: R92 400 000
As you can see, they anticipate a bit of an increase in the wage bill next year by contrast with this year which saw less spent on salaries than last year.
It is good to have a comprehensive budget for your company and your personal life. If you have not done a budget for a long time it is well worth it to do one now. Even if you focus only on your main expenses you will quickly see if you are on target or not. A more comprehensive budget that takes into account things like annual unusual costs (servicing your car or unplanned trips to the Vet or doctor) helps you see if you are on track to spend less than you earn or if you need to adjust your spending in certain areas.
‘It is good to have a comprehensive budget for your company and your personal life’
If you find that your monthly obligations far outweigh your income you should take prompt action to cut spending or talk to a professional (like a Debt Counsellor) to find ways to cut your costs and possibly even adjust your regular monthly debt obligations (eg, through debt review).