National Credit Act, 2005 (Act No. 34 of 2005)

Regulations

Purchase

(1) Payment distribution agent must be trained in the following areas:

(a) risk management and fraud prevention;

(b) the National Credit Act;

(d) accounting;

(e) business management;

(f) customer service;

(g) governance and compliance; and

(h) computer literacy.

(2) Credit providers must be trained in the following areas:

(a) National Credit Act;

(b) governance and compliance;

(d) risk management;

(e) computer literacy;

(f) financial management;

(g) business management; and

(h) economics.

(3)	Debt counselors must be trained on the National Credit Act and on the basic principles of the following areas:

(a) financial management;

(b) business management;

(d) debt counseling;

(e) economics;

(f) governance and compliance;

(g) accounting; and

(h) bookkeeping.

(4)	Alternative Dispute Resolution Agent must be trained on the National Credit Act, Consumer Protection Act and on the basic principles of the following areas:

(a) Alternative dispute resolution

(b) financial management;

(d) governance and compliance

(e) customer service.

[Chapter 5 inserted by Notice No. R. 202, GG 38557, dated 13 March 2015]