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Credit Management SA: January 2006

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Wednesday, January 18, 2006. Sales Rep Position Available. Are expanding and looking for the services of a driven and experienced sales person for client recruitment for debt recovery. Posted by Brett Bentley @ 10:09 AM. Thursday, January 05, 2006. Best Wishes for 2006. We would like to wish all the readers of this website a prosperous and successful 2006. If you have any news that you believe would benefit the industry as a whole ...

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Credit Management SA: June 2005

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Tuesday, June 21, 2005. National Credit Bill: Repossesion and Debt Counselling. I have had a chance to have a look at some aspects of the latest version of the National Credit Bill. To which the increasingly meaningless title final has also been attached). There are two aspects that I would like to discuss:. 1 The deletion of the repossession provisions of the bill; and. 2 The debt counselling provisions. Wednesday, June 01, 2005.

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Credit Management SA: National Credit Bill Regulations Released

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Thursday, March 02, 2006. National Credit Bill Regulations Released. The regulations that set out the nuts and bolts operation of the National Credit Bill have been released by the Department of Trade and Industry on the 20th February 2006 and can be downloaded. After public comments have been received, President Mbeki is expected to sign the National Credit Bill into law. We hope that through these regulations we will be able to a...

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Credit Management SA: November 2005

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Tuesday, November 08, 2005. Debt Collection: Emoluments Attachment Orders. In the case of Russells (Ceres) v Manyashe en 'n Ander 2005 (4) SA 380 (C). The court looking at the issue of emoulments attached orders ("EAO") granted by consent, in terms Section 65J of the Magistrates' Court Act 32 of 1944, where the debtor had consented to the EAO before the granting of judgment held that these were valid. Durban, South Africa. Business...

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Credit Management SA: Debt Collectors Use of Fake Summons to be Outlawed

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Monday, February 20, 2006. Debt Collectors Use of Fake Summons to be Outlawed. Reports that the Department of Trade and Industry will soon outlaw the use of fake summons, warrants of execution and other legal documents by debt collectors and creditors. This follows on recommendations by the by the department of trade and industry's consumer affairs committee. Posted by Brett Bentley @ 11:03 AM. Durban, South Africa. Durban attorney...

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Credit Management SA: February 2006

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Monday, February 20, 2006. Debt Collectors Use of Fake Summons to be Outlawed. Reports that the Department of Trade and Industry will soon outlaw the use of fake summons, warrants of execution and other legal documents by debt collectors and creditors. This follows on recommendations by the by the department of trade and industry's consumer affairs committee. Posted by Brett Bentley @ 11:03 AM. Tuesday, February 14, 2006. The case ...

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Credit Management SA: Granting Credit in Accordance with the National Credit Bill

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Wednesday, April 05, 2006. Granting Credit in Accordance with the National Credit Bill. Here is an interesting article by Eric Levenstein, a director of the law firm of Werksmans. On the Website FA News entitled Granting Credit in terms of the proposed new national credit bill. The article takes a brief look at the credit granting requirements in terms of the new bill. 3 The aim of the bill relating to the grant of reckless credit,...

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Credit Management SA: July 2005

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Wednesday, July 27, 2005. Political Pressure on Credit Bureaus Continues. The credit bureaus continue to receive political pressure as reported in the Business Day article entitled Minister flays ‘mafia’ credit bureaus. In which it was reported that:. HOUSING Minister Lindiwe Sisulu yesterday added her voice to growing calls for amnesty for people blacklisted by credit bureaus, saying credit bureaus operate as a mafia . The bureaus...

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Credit Management SA: The Right of a Creditor to Realise a Debtor’s Property

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CREDIT MANAGEMENT S.A. For the latest on South African credit management. Monday, April 03, 2006. The Right of a Creditor to Realise a Debtor’s Property. The right of a creditor to realise the property of its debtor without first obtaining the sanction of the court is called parate executie in our law. This right has now been challenged by the Constitutional provisions of Section 34 of the Constitution, which provides that:. In this case the court ultimately held that:. Posted by Brett Bentley @ 8:06 AM.