The MFSA was established in 1996 to serve as mouthpiece for the individual micro lender within the bigger scope of the macro economy of South Africa.

The MFSA is a non-profit organisation (Sect 21 Company) with a Memorandum of Incorporation, a Board of Directors and working committees as well as the officially recognised representative body of professional micro credit providers. MFSA is a self-regulating organisation for the sake of an ethical industry. As an organisation of voluntary members who are dedicated, registered and committed to professional business practices, MFSA is there to service its members, consumers, the industry and the total economic sector and to protect the rights and interest of professional micro credit providers.

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Policy, Legislation & Regulation

Draft National Credit Act Amendment Bill

NCR Circulars

2018

2017

January
Circular 1 of 2017 – debt counselling rules system

February 
Circular 2 of 2017 – annual renewal of registration
Circular 3 of 2017 – review of debt counselling fees
Twin Peaks and the Credit Provider

March 
Circular 7 of 2017 - debt counselling call centres
Circular 6 of 2017 - interpretation of section 71 of the nca
Circular 5 of 2017 - transfer notice of the files for albert muller – ncrdc 110
Circular 4 of 2017 – NCR’s banking details have not changed

April 
Circular 8 of 2017 – NCR contact details

May
Consumer Credit Market Report and Credit Bureau Monitor Links below:
Web-Dataset 2007-Q4 to 2016-Q4
CBM Data December 2017
Consumer Credit Market Report 2016
Credit Bureau Monitor

June
NCR_Guidelines in Terms o Reg 19(13)

2016

January 
Circular No. 3 of 2016- Annual Renewal of Registration
Circular No. 1 of 2016: Transfer notice of the late Paul Nieuwoudt's clients.

February 
Circular No. 5 of 2016- Payment of Debt Counselling Fees
Circular No. 04 of 2016- Change of NCR Workshop venue for Credit providers and Debt Counsellors in the Eastern Cape
Circular No. 2 February 2016- This circular is applicable to both credit bureaus and their independent auditors as a supplement to the existing guidelines - Guidelines No. 003.2009 

March 
Circular No. 6 of 2016- Payment of Debt Counsellor Fees

May 
Circular No. 9 of 2016- Updating of Consumer Profiles at the Credit Bureaus

June 
Circular No. 13 of 2016- Updates from the credit industry forum
Circular No. 12 of 2016 - Application, Registration and Renewal Fees

July
Circular No. 15 of 2016 Inclusion of initiation fees in the deferred amount
Circular No. 14 of 2016- Aternative dispute resolution agents

September 
Circular no. 18 of 2016: Debt Counsellors Referred to the Tribunal Due to Contraventions of the Act
Circular 19 of 2016: Employed Debt Counsellors

October 
Circular No. 23 / October 2016. This circular is applicable to credit bureaux and their re-sellers and on-sellers (including channel partners) and all persons carrying out the business of a credit bureau in accordance with S43 of the National Credit Act, 2005, as amended.
Circular No. 3 / October 2016. This circular is applicable to credit bureaux and their re-seller and on-sellers (including channel partners) and all persons carrying out the business of a credit bureau in accordance with S43 fo the National Credit Act 2005, as amended

November 
Circular No. 24/November 2016 replaces Circular No. 2/February 2016, which is hereby withdrawn. This circular is applicable to both credit bureaux and their independent auditors as a supplement to the existing guidelines – Guidelines No. 003/2009 and 001/2014.

2015

March
Government Gazette, 13 March 2015 - NATIONAL CREDIT REGULATIONS INCLUDING AFFORDALITY
ASSESSMENT REGULATIONS

November
Government Gazette, 06 November 2015 - Rates and Fees

2014

May
Government Gazette, 19 May 2014 - National Credit Amendment Act