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NCR Strategic Plan 2015/16–2019/20 & 3-Year Annual Performance Plan 2015/16–2017/18

This briefing to the Portfolio Committee on Trade and Industry presents the National Credit Regulator's strategic plan and annual performance plan. It discusses the vision, mission, programmes, budget, government priorities, and potential challenges and remedies for effective implementation.

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NCR Strategic Plan 2015/16–2019/20 & 3-Year Annual Performance Plan 2015/16–2017/18

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  1. A BRIEFING TO THE PORTFOLIO COMMITTEE ON TRADE AND INDUSTRY: NCR STRATEGIC PLAN 2015/16 – 2019/20 & 3 YEAR ANNUAL PERFOMANCE PLAN 2015/16 – 2017/18 PRESENTED BY MS NOMSA MOTSHEGARE (NCR CEO) 14 April 2015

  2. It is established in terms of the section 12 of the National Credit Act (NCA). • Its main purpose is to regulate consumer credit, monitor compliance and enforce the NCA. • The National Credit Amendment Act (NCAA): assented to and signed by the President on 19 May 2014; proclamation signed and regulation published on 13 March 2015

  3. OVERVIEW OF THE PRESENTAION • Vision and Mission • NCR Programmes: Snapshot • Government Priorities • Dti Priorities: outcome 4 • Programmes 1-5 • 3 Year annual performance plan 2015-2018 • Budget: 2015/16 – 2019/20 • Possible challenges for programmes 1-5 • Remedies for challenges to programmes 1-5

  4. VISION & MISSION • VISION • To promote a South African consumer credit market that is fair, transparent, accessible and dynamic. • MISSION • To support the social and economic advancement of South Africa, by: • regulating for a fair and non-discriminatory market for access to consumer credit; and • promoting responsible credit granting, use and effective redress.

  5. To ensure effective implementation of the National Credit Amendment Act (NCAA).

  6. GOVERNMENT PRIORITIES MTSF = Medium Term Strategic Framework h/holds = households

  7. THE dti PRIORITY: OUTCOME 4

  8. PROGRAMME (1) dti Strategic Outcome – oriented goals NCR

  9. PROGRAMME (2) dti Strategic Outcome – oriented goals NCR

  10. PROGRAMME (3) dti Strategic Outcome – oriented goals NCR

  11. PROGRAMMES (4&5) dti Strategic Outcome – oriented goals NCR

  12. 3 YEAR ANNUAL PERFOMANCE PLAN Programme1:Topromoteresponsiblecreditgranting.

  13. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 1: To promote responsible credit granting

  14. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 1: To promote responsible credit granting

  15. QuarterlyMilestonesforProgramme1

  16. QuarterlyMilestonesforProgramme1

  17. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 2: To protect consumers from abuse and unfair practices in the consumer credit market and address over-indebtedness.

  18. QuarterlyMilestonesforProgramme2

  19. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 3: To enhance the quality and accuracy of credit bureau information

  20. 3 YEAR ANNUL PERFOMANCE PLAN Programme 3: To enhance the quality and accuracy of credit bureau information.

  21. 3 YEAR ANNUAL PERFOMANCE PLAN

  22. QuarterlyMilestonesforProgramme3

  23. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 4: To improve NCR’s operational effectiveness

  24. QuarterlyMilestonesforProgramme4

  25. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 5: To ensure effective implementation of the National Credit Amendment Act (NCAA)

  26. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 5: To ensure effective implementation of the National Credit Amendment Act (NCAA)

  27. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 5: To ensure effective implementation of the National Credit Amendment Act (NCAA)

  28. QuarterlyMilestonesforProgramme5

  29. QuarterlyMilestonesforProgramme5

  30. BUDGET FOR THE 2015/16- 2019/20

  31. POSSIBLE CHALLENGES FOR PROGRAMMES 1-5 Lack of understanding of the NCAA Inefficient service delivery Funding

  32. REMEDIES FOR CHALLENGES TO PROGRAMMES 1-5 • Compliance monitoring: Affordability assessment • Targeted consumer awareness & education initiatives • Coordination with other regulators • Regular compliance monitoring of registrants and enforcement of the Act • Funding Challenge: to find creative ways to perform some functions: Consumer education & research; continue to engage dti; fees for new registrants • Engagement with registrants & key stakeholders • Improve operational efficiency through improved automated processes

  33. Thank You! www.ncr.org.za

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