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National Credit Regulator

  • Shoprite faces scrutiny over reckless lending
  • The National Credit Regulator (NCR) has highlighted that Shoprite may be guilty of reckless lending. The regulator has now referred the matter to the National Credit Tribunal. The allegations involve activities at two of the company's units. Let's take a closer look at what's going on… Shoprite breached the National Credit Act Two units of Shoprite [JSE:SHP], Shoprite Investments ... ››› more
  • [15 October 2015]
  • Avoid this 'blue chip' share at all costs - It's going bust!
  • Where was the days investors hailed African Bank as a Top 40 share? Some of my friends who weren't even investors were saying they ‘heard' African Bank is a hot share and they should probably buy some. It could deliver returns like Capitec did… But this wasn't to be… As I explained to investors in another letter about Abil, the share is down 80% and I don't share the market's optimism ... ››› more
  • [27 July 2014]
  • The NCR instructs payday loan company Wonga to tighten its credit checks
  • Earlier today, the National Credit Regulator (NCR) said it had told the UK payday loan company Wonga to improve aspects of its compliance at its South African arm. The regulator found the company wasn't conducting the checks required of it. Let's take a closer look at what's going on… Wonga applied poor credit checks The NCR says it has instructed “the local unit of British payday le... ››› more
  • [17 July 2014]
  • Abil's share price rallies over 5% on ‘lenient' fine of R20 million
  • Earlier today, it emerged that African Bank Investments (Abil) agreed to pay a R20 million fine for reckless lending. The bank's shares jumped 5.43% on the news. Abil was the target of an investigation for reckless lending by the National Credit Regulator (NCR). Let's take a closer look at what went on… Abil announced that it’s “agreed to a fine of R20 million” after being probed for rec... ››› more
  • [03 October 2013]
  • Revealed: The role of the National Credit Act
  • The introduction of the National Credit Act was in a bid to curtail reckless lending. But what does the Act do and what does it mean for you? The National Credit Regulator (NCR) ensures credit providers stick to the rules and regulations of the National Credit Act (NCA). The NCA came into effect just over six years ago, in June 2007. Why introduce the National Credit Act?   The Act’s ... ››› more
  • [01 August 2013]
  • The National Credit Regulator warns consumers to look after their credit health
  • Times are tough. We're all feeling the pinch as inflation ticks higher. And now the National Credit Regulator (NCR) has stepped in, warning consumers about letting their debt get out of control. Here's what's happening… Today saw the NCR release a statement warning consumers about staying on top of their debt as statistics show that an increasing number of people are finding it harder to servi... ››› more
  • [18 June 2013]

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