TAKING THE NATIONAL CREDIT REGULATOR TO SEKHUKHUNE LAND
Media Release 01 December 2015
Following the investigations conducted by the National Credit Regulator (NCR) on the sale of retrenchment and occupational disability insurance covers to pensioners and social grant recipients by some credit providers; the NCR deemed it necessary to conduct community outreach campaign/Imbizo. The campaign was launched by the Chief Executive Officer of the NCR, Ms. Nomsa Motshegare in Jane Furse on the 26th November 2015 at Jane Furse Comprehensive School, Limpopo Province. Particular attention was given to the tribal authorities including the chiefs and headmen in the area.
The main objective of this campaign is to inform and educate consumers to be aware of their rights and responsibilities and to also exercise them in full when entering into credit agreements. Ms. Motshegare cautioned consumers not to sign anything if they do not understand. “It is very important to ask questions and request that the credit agreements are explained to you in simple terms and in the language that you understand. Please seek assistance from relevant authorities including the NCR and Provincial Consumer Protection Office.”
In a briefing session with Kgoshikgolo KK Sekhukhune, he said many people in gaSekhukhune District are sinking deeper into debt and there’s a dire need to equip them with sound knowledge to make informed decisions on debt management. He appreciated steps taken by the NCR to prioritize consumers residing in rural areas on their communication strategy. He said that for any society to prosper, education remains a vital tool to empowerment. He added that next year he will be conducting roadshows in different villages in his district of gaSekhukhune and he would like the NCR to be part of these roadshows to empower people on credit related matters.
The campaign was attended by the communities of Jane Furse and surrounding villages, the paramount chief, Kgoshikgolo KK Sekhukhune, chiefs and tribal headmen, NGOs representing blind people and local business associations. Some of the chiefs have shown keen interest in registering as debt counsellors and offering debt counselling services free of charge to communities.
The NCR will be running this campaign nationally in other rural areas around the country.
National Credit Regulator
Telephone: +27 11 554 2722