Unisa Radio - 10 Nov, 11:00

Please note that this Monday 10^th November from 11am until 1pm UNISA Radio will be playing a presentation on the responsible use of credit.

 

The presentation will be delivered by representatives from The National Credit Regulator and the Department of Mercantile Law (College of Law). Speakers include Leseba Mashapa: Company Secretary for the NCR, Kedilatile Malakalaka: Manager for Debt Counseling  Department, Nthupang Magolego: Manager Investigations and Enforcement, and Ngoako Mabeba: Acting Manager: Statistics Department.

 

 

 

Invitation

 

College of Law: Department of Mercantile Law (Banking Law Group)

 

USING CREDIT RESPONSIBLY

 

The Community Engagement Project on the Responsible Use of Credit invites all the public to a free seminar aimed at educating consumers on the responsible use of credit.

 

An impressive panel from the National Credit Regulator will discuss topics that include:

 

•The regulatory framework applicable to the consumer-credit industry;

•Aspects of consumer-credit information;

•Selected case law relating to the credit industry;

•Aspects relating to debt counselling; and

•The latest statistics relating to the credit industry.

 
Date: Friday, 7 November 2014

Time: 10h30-13h00 Venue: Bamboo room, Kgorong building, Unisa main campus

Costs: Free

Please send your RSVP to Michelle Fuchs at fuchsmm@unisa.ac.za or confirm it at (012) 429-4742 by 3 November 2014. The first 60 delegates to confirm will be secured of a place.

 

Credit Amnesty-what this really means for consumers

The Community Engagement Project on the Responsible Use of Credit invites you to listen to a discussion on the 2014 Credit Amnesty Regulations to be hosted on Unisa Radio.

The panel invited to take part in the discussion include the following role players in the consumer credit industry:

Mr Lesiba Mashapa
He is the Company Secretary for the National Credit Regulator, responsible for the regulation of the consumer credit industry

Mr Nicky Lala-Mohan
He is the General Manager: Legislation and Regulatory Oversight & the Company Secretary for the Banking Association South Africa. He is the Chairman of the IBFed Consumer Affairs Work Group; the Company Secretary for SABRIC; a Board member of Ombudsman for Banking Services Board; and a Member of the Sectional Titles Regulation Board. Nicky is responsible for various portfolios within the Banking Industry, including the legal committee where he chairs the Committee responsible for all new legislative and regulatory interventions.

Prof Michelle Kelly-Louw.
She is a professor at Unisa. Michelle has published widely in the fields of insolvency, banking and consumer credit law and her research has been cited with approval by the Constitutional Court and the Supreme Court of Appeal on various occasions. She has served on the panel of legal experts (legislative drafting) for the SA National Treasury for three years and also on the legal panel of the SA National Roads Agency. She is the vice-president of the International Association of Consumer Law and a member of various local and international law journals.  

Date: Monday 19 May 2014
Time: 11h00-12h00

Tune in via audio stream at: http://unisaradio.ndstream.net    

More information on credit amnesty: radioshow on Unisa radio

The‘Removal of Adverse Consumer Information and Information Relating to Paid Up Judgments Regulations’ came into effect on the 1st of April 2014. The following article explains what 'credit information' in this context is: http://www.polity.org.za/article/credit-amnesty-2014-04-10. Unisa Radio http://unisaradio.ndstream.net/) will host a session on credit amnesty on 19 May 2014. Representatives of the National Credit Regulator and the Banking Association of South Africa will attend this session. More detail will be published in due course.

Adverse credit records to be removed

From 1 April all registered credit bureaux must remove adverse consumer credit information relating to paid up judgements. This is according to the Removal of Adverse Consumer Information and Information Relating to Paid Up Judgements Regulations, 2014. These regulations were published in the Government Gazette on 26 February 2014.

Tips for spending wisely in 2014

The beginning of every year can be a quite expensive time. Below are some tips for spending wisely in 2014.

• Never go overboard on your purchases. Remember that debt accumulates with smaller purchases which on their own don’t amount to much, however, when they are all added together they make a huge dent in one’s finances. 
• Draw up a budget and stick to it (see our previous blogpost on how to draw up a budget).
• Use your cash wisely, for example, if you settle certain accounts early you might receive discounts.
•  Prioritise your home loan and rent.
• Avoid ‘buy now pay later’ deals as far as possible. 
• Always shop for cheaper options.
• Keep track of your expenses (compare expenses with your budget).