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


Guideline for the Submission of Credit Information in terms of Regulation 19(13) of the National Credit Act, 34 of 2005, as amended

2. Reporting of credit information by credit providers


2.1. Credit information must be reported by credit providers to credit bureaux.


2.2. The National Credit Regulator shall publish on its website the names of the credit bureaux that have been approved to receive, host and return credit information in terms of this Guideline.


2.3 No credit or data provider shall be required or compelled to become a member of SACRRA by reason of the National Credit Regulator prescribing the usage of the Data Transmission Hub and data layout managed by SACRRA as the manner and form of reporting credit information to credit bureaux.


2.4 The National Credit Regulator will from time to time publish the fees payable to cover the costs of the manner and form of reporting credit information, which includes the assessment, on-boarding, operation, usage and reporting in terms of the Data Transmission Hub, as well as the maintenance and development of the data format.


2.5 The National Credit Regulator will amend the Conditions of Registration in respect of its registrants to include the requirements of these Guidelines and any subsequent Guideline issued in terms of Regulation 19(13), and will issue such amended Conditions of Registration when prescribing the fees to be paid, together with the implementation time-lines, in the proposed subsequent Guideline.