Read Debtfree Magazine online -SA's Debt Counselling Industry Mag:

Debtfree Magazine is South Africa's Premier Resource for Debt Counselling information and news.

Debtfree Magazine is produced digitally each month and is distributed to Debt Counsellors, Credit Providers and subscribers country-wide. If you would like to stay current with developments in the world of Debt Counselling then this is the publication for you.

Visit : for more info.

Mail the word :"Subscribe" to to receive access to Debtfree Magazine free each month.

The Latest Debtfree DIGI

Thursday, October 27, 2011

NCR Training - Cape Town Oct 2011

The National Credit Regulator (NCR) recently made an appearance in Cape Town to meet with industry role players and present training information and feedback on the Debt Review Advisory Committee (DRAC).
It has been over a year since the last big NCR event in CT and many people attended partially for the novelty of it.

The conference was held at the River Club in Ob's. There were various presentations from DRAC members as well as NCR rep's. While nothing earth shattering was revealed it was good to note that the NCR and DRAC are aware of the problems facing those on the "coal face" of Debt Counselling.

There was a lot of talk about how the legislation is to blame and the need to amend the NCA itself to address the matter. Paul Slot (a DRAC rep and member of the Debt Counselling Association of South Africa) expressed doubts that this will happen in Feb 2011 despite what the DTI has been saying about releasing an amendment Bill to the NCA. He said it was more realistic to look at the second Quarter of the year rather.

A very interesting presentation was given by the Senior Magistrate about the training given to Magistrates in connection with Debt Counselling. However the most shocking thing revealed was that there was no funding this year (nor had been for the past 3 years) for Magistrates training and the mandate of the Justice College no longer included training Magistrates about the NCA anyway. They have only done so as requested and funded by the NCR.

The conference ended at midday and many DC's expressed disappointment at the lack of new information Many stated that they did enjoy the chance to ask questions and even get one or two answers and the chance to network with other DC's as well.

1 comment: