Insights into DCASA Conference 2023
recent debt counselling statistics, payment distribution agency updates, and collaborative efforts with credit providers. Learn about key industry developments and initiatives driving positive change for stakeholders.
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Presentation Transcript
DCASA Conference 2023 .
CIF is once again back on the agenda which will allow all stake holders to have their say and help grow the industry for the better. However, due to the current work loads within the NCR it has been agreed that we prioritise the Sub Committees to a maximum of 3 including the finalisation of reckless lending. Industry Updates CIF DCRS DC Fees Task Team Agreement So lets look at the current stats
Recent Debt Counselling Statistics Number of Registered Debt Counsellors as of March 2023. 1554 Number of applications loaded on DHS since inception . 1 868 292 Applications 2021/2022 134 960 Applications 2022/2023 159 832 Average number of Monthly application 13 319 Active applications (Actively under Debt Review). 1 232 219 Clearance Certificates Issued 2021/2022 36 892 Clearance Certificates Issued 2022/2023 41 645 Clearance since inception 213 086
Payment Distribution Agencies Monthly Average distributions Cumulative distributions R 106 Billion R 1.1 Billion Monthly average paying Via the PDA Average Payment per consumer 217 479 R 6 148,78
We have had various meeting with Credit providers based on the complaints that we have received and happy to report that all those we have spoken to have agreed to the Task Team agreements. To mention a few IMAS UNIFI Capitec Eskom Finance African Bank. MFSA (They will promote the use to their members but in remains voluntary) There have also been ongoing conversations with the big 4 and glad to report that they are all willing to work together for the better of all clients. So What has DCASA done for you?
DCASA And VCCB We have an agreement in place with VCCB to offer free credit reports to help grow your business and as they are here today, I would implore you to speak to them for further information.
As I mentioned last year we have been working together with the NCR and the NDCSA to help in dealing with the obstacles we face. Rogue Debt Counsellors. Complaints department. Licence renewals. Flagging issues we see as a threat to the industry. As a result of our interactions I am glad to announce that we have seen the NCR recently raiding various DC s with the support of the hawks to investigate these companies. NCR DCASA and NDCSA
Looking Ahead
DCASA Looking Ahead Continue to Promote the importance of using a Debt Counsellor that is registered with an association like DCASA. Ensure only DCASA members display our LOGO on their website. (Please report any you see that are not registered with DCASA). A link is available to access all Active DCASA Members. The public will be able to complain to DCASA to help build and promote trust within the DCASA brand.
Have a Mentor programme developed for new Debt Counsellors. A basic step by step booklet, is currently in the making for new Debt Counsellors. Ongoing webinars will be held throughout the year to discuss matters arising. Continue to build our relationships with all CP s and stakeholders for the better of the industry. Finally, I know its not the best news but after keeping our membership fees unchanged since inception we have had no choice but to level a slight increase and fees across the board will increase by R50 per month. Continued
Thank You
