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Monday, November 1, 2010

SDC show their teeth re: DC Code of Conduct

The Society for Debt COunsellors has taken a stance against the NCR approving of a DC Code of Conduct formulated by a minority of DC's. In a recent email to members and other DC's the SDC stated:

"It has come to our attention that a code of conduct was formulated by The Debt Counsellors Association of South Africa (DCASA), which was endorsed by the NCR.

We have received information that the above mentioned code of conduct will be signed off by Gabriel Davel (Regulator) on or about the 2nd of November 2010. The result being that all Debt Counsellors will be forced to adopt a code of conduct formulated and consented to by a mere 43 debt counsellors, without the approval of the greater debt counsellor community.

The Society for Debt Counsellors (SDC) does not approve this practice and hereby demands that the NCR recognizes all debt counsellors in this regard.

Our demands are as follows:

· The code of conduct should be presented to all debt counsellors for their perusal and opinion and finally their approval;

· The NCR should recognize and respect the role of all debt counsellors in the industry; and

· All decisions affecting debt counselling must be conducted in a transparent and democratic manner.

The SDC intends to stop the signing of the Code of Conduct and we need the help of all debt counsellors to do this. We urge you to read the code of conduct formulated by DCASA, which is posted on our website (, and if it is not in line with your views then help us to stop this document from being passed and becoming law.

The petition will be forwarded to all stakeholders involved in the Code of Conduct, to stop the implementation of this document.

We urge all debt counsellors to sign the petition and assist in the implementation of a Code of Conduct which represents the combined input of the whole debt counseling community.

Please note that you do not need to be a member of the SDC.

Visit to sign the petition.


The SDC Team


Fax: 086 617 1453

Should you feel this is something you would like to become involved in please feel free to visit the SDC website ( for more information.

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