The Division for Commerce, Trade and Competitors (DTIC) have been in touch with the Debt Counsellors Affiliation of South Africa discussing issues referring to debt assessment.
One of many “sizzling matters” has, after all, been charges (for Debt Counsellors and the PDAs) and the necessity for these to be checked out.
However an additional alternative has now been introduced to DCASA to current common options in regard to the Nationwide Credit score Act as a complete (specializing in debt counselling and debt restructuring).
As such, DCASA has known as on all members to make submissions in regard to objects that members suppose want consideration sooner or later and options on how these might be completed.
Submissions are being made this week and will probably be thought-about and refined subsequent week by the DCASA NEC, who will then ship the mixed submission on to the DTIC for consideration.
It’s hoped that such info gathering efforts by the DTIC may result in future coverage selections and even amendments to the NCA at some point.
It’s good to see the DTIC so actively engaged with Debt Counsellors, with a delegation from the DTIC just lately, even having visited one of many largest debt counselling practices in South Africa (members of the Nationwide Debt Counsellors Affiliation) for a guided tour and dialogue.
