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[6 Oct 2014 | No Comment | ]
Commercial Credit Management Seminar – Durban 16th October 2014

COVERING:
With the continuing effects of the economic downturn being felt by businesses, the importance of good credit management has been   magnified and all companies credit management policies need to be reviewed and upgraded in order to avoid your company becoming a statistic of the poor economy. In addition credit management is also being impacted by the new legislation such as the National Credit Act, the Consumer Protection Act and the new Companies Act.
This is a full day seminar in Durban on the  16th  October 2014 aimed at commercial creditors (businesses who supply …

Credit Law, Credit Management, Credit News, Credit Seminars, Featured »

[6 Aug 2014 | No Comment | ]
Commercial Credit Management Seminar – Cape Town 10th October 2014

COVERING: With the continuing effects of the economic downturn being felt by businesses, the importance of good credit management has been   magnified and all companies credit management policies need to be reviewed and upgraded in order to avoid your company becoming a statistic of the poor economy. In addition credit management is also being impacted by the new legislation such as the National Credit Act, the Consumer Protection Act and the new Companies Act. This is a full day seminar in Cape Town on the  10th  October 2014 aimed at commercial …

Credit Law, Credit Management, Credit News, Credit Risk, Headline, National Credit Act »

[4 Aug 2014 | No Comment | ]
Draft NCA Regulations and National Consumer Tribunal Rules Published

The Minister of Trade and Industry, Dr Rob Davies, has published the National Credit Regulations and regulations for the amendment of regulations dealing with functions and rules of the National Consumer Tribunal in Government Gazette No. 37882 of 1 August 2014. The draft regulations are a result of the National Credit Amendment Act, 2014 (Act No. 19 of 2014), which was signed into law by the President on 19 May 2014.
This notice, among other things, contains affordability assessment regulations that provide criteria credit providers must adhere to before credit can …

Credit Law, Credit Management, Credit News, Featured »

[30 Jul 2014 | No Comment | ]
Prescribed Rate of Interest to change and it’s not a variable rate

 
We previously pointed out that the Prescribed Rate of Interest was set to change after having remained unchanged at 15.5% per annum from 1 October 1993.
 
It has now been confirmed that the prescribed rate of interest will be reduced to 9% on the 1st August 2014 in terms of GOVT NOTICE NO R.554 of the 18 July 2014.
 
Furthermore, and as explained previously, the Prescribed Rate of Interest Act (55 of 1975) sets the maximum rate of interest that can be charged on mora interest (over-due payment) and which is also used in …

Credit Law, Credit Management, Debt Collections, Featured, National Credit Act »

[21 May 2014 | No Comment | ]
National Credit Amendment Act of 2014 Signed into Law

 
The National Credit Amendment Act of 2014 was signed into law by the President on the 20th May 2014.
The Amended Act deals with a number of issues in terms of the National Credit Act, the most significant of which include:
• The creation of industry codes of conduct
• Removal of the minimum thresholds for registration as a credit provider in terms of the NCA
• The removal of the NCR’s board and requires the regulator to account directly to the minister of trade and industry
• The formalisation of the payment distribution agents …

Credit Management, Credit News, Credit Risk »

[12 May 2014 | No Comment | ]
Most People in the World Have No Idea How to Manage Their Money

Moisés Naím reporting in the Atlantic writes on the international phenomena of lack of financial literacy among people. Using a simple 3 question test the results of the research of economists, Annamaria Lusardi and Olivia Mitchell, and the results reveal startling levels of financial illiteracy across the world.
They call attention to a perilous paradox: Financial ignorance is widespread even as the world has changed in ways that make such ignorance more dangerous than ever before. They write, “Financial markets around the world have become increasingly accessible to the ‘small investor,’ as …

Credit Law, Credit Management, Credit News, Credit Seminars, Headline »

[14 Jan 2014 | No Comment | ]
Commercial Credit Management Seminar – Cape Town 9th May 2014

COVERING:
With the continuing effects of the economic downturn being felt by businesses, the importance of good credit management has been   magnified and all companies credit management policies need to be reviewed and upgraded in order to avoid your company becoming a statistic of the poor economy. In addition credit management is also being impacted by the new legislation such as the National Credit Act, the Consumer Protection Act and the new Companies Act.
This is a full day seminar in Cape Town on the  9th May 2014 aimed at commercial creditors …

Credit Law, Credit Management, Credit News, Credit Seminars, Featured »

[14 Jan 2014 | No Comment | ]
Commercial Credit Management Seminar – 7th March 2014 Johannesburg

COVERING:
With the continuing effects of the economic downturn being felt by businesses, the importance of good credit management has been   magnified and all companies credit management policies need to be reviewed and upgraded in order to avoid your company becoming a statistic of the poor economy. In addition credit management is also being impacted by the new legislation such as the National Credit Act, the Consumer Protection Act and the new Companies Act.
This is a full day seminar in Johannesburg on 7th of March 2014 aimed at commercial creditors (businesses who …

Credit Law, Credit Management, Credit Seminars, Headline »

[26 Jun 2013 | No Comment | ]
Commercial Credit Management Seminar -Durban -16th August 2013

COVERING:
With the continuing effects of the economic downturn being felt by businesses, the importance of good credit management has been   magnified and all companies credit management policies need to be reviewed and upgraded in order to avoid your company becoming a statistic of the poor economy. In addition credit management is also being impacted by the new legislation such as the National Credit Act, the Consumer Protection Act and the new Companies Act.
This is a full day seminar in Durban on 16th of August 2013 aimed at commercial creditors …

Credit Law, Credit Management, Credit Seminars, National Credit Act »

[25 Feb 2013 | No Comment | ]
Midrand Commercial Credit Management Seminar

Bentley Credit Control had a successful commercial credit management seminar on Friday the 22nd February 2013 in Midrand with a excellent group of credit managers and credit controllers. It is apparent that with the ever increasing amount of new legislation and other developments that we will in future have to expand this ever popular seminar into a full day event. Thank you to all who attended for your questions , input , positive feedback  and support.
The next Commercial Credit Management seminars coming up on our calendar are the 7th June …