Results 1 to 4 of 4

Thread: National Credit Regulator to assist the poor

  1. #1
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,736
    Thanks
    3,321
    Thanked 2,688 Times in 2,265 Posts
    Blog Entries
    12

    National Credit Regulator to assist the poor

    The National Credit Regulator has set up a fund to finance the cost of debt counselling for poor households with a monthly earning of les than R2500.00 per month.

    Under this arrangement, debt counsellors will be paid R500 from the fund for each case involving a low-income earner.

  2. #2
    just me duncan drennan's Avatar
    Join Date
    Jun 2006
    Location
    Cape Town
    Posts
    2,642
    Thanks
    119
    Thanked 94 Times in 77 Posts
    Who (or what activity) funds this fund?
    [SIGPIC]Engineer Simplicity[/SIGPIC]
    Turn ideas into products | The Art of Engineering blog

  3. #3
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,736
    Thanks
    3,321
    Thanked 2,688 Times in 2,265 Posts
    Blog Entries
    12
    Apparently they've got R1 million so far, with a budget from gov of R5 million that they can tap into. But apparently they've been fundraising too.

  4. #4
    Silver Member Eugene's Avatar
    Join Date
    May 2007
    Location
    Somerset West
    Posts
    297
    Thanks
    0
    Thanked 6 Times in 6 Posts
    The full article can be found at: http://www.busrep.co.za/index.php?fr...icleId=4037709

Similar Threads

  1. National Credit Act
    By Dave A in forum National Credit Act Forum
    Replies: 33
    Last Post: 26-Mar-19, 07:35 AM
  2. Q & A's on the National Credit Act
    By Eugene in forum National Credit Act Forum
    Replies: 35
    Last Post: 23-Jul-10, 06:52 AM
  3. Credit Act's impact on home loans
    By Eugene in forum National Credit Act Forum
    Replies: 14
    Last Post: 15-Jul-07, 03:05 PM
  4. HOW THE NCA CAME ABOUT
    By Eugene in forum National Credit Act Forum
    Replies: 0
    Last Post: 22-Jun-07, 09:57 AM
  5. Credit act could be good for those who have been blacklisted
    By Eugene in forum National Credit Act Forum
    Replies: 1
    Last Post: 25-May-07, 05:22 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •