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A BRIEFING TO THE SELECT COMMITTEE ON TRADE AND INTERNATIONAL RELATIONS:

A BRIEFING TO THE SELECT COMMITTEE ON TRADE AND INTERNATIONAL RELATIONS: NCR STRATEGIC PLAN 2015/16 – 2019/20 & 3 YEAR ANNUAL PERFOMANCE PLAN 2015/16 – 2017/18 PRESENTED BY NCR CEO, MS NOMSA MOTSHEGARE 10 June 2015.

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A BRIEFING TO THE SELECT COMMITTEE ON TRADE AND INTERNATIONAL RELATIONS:

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  1. A BRIEFING TO THE SELECT COMMITTEE ON TRADE AND INTERNATIONAL RELATIONS: NCR STRATEGIC PLAN 2015/16 – 2019/20 & 3 YEAR ANNUAL PERFOMANCE PLAN 2015/16 – 2017/18 PRESENTED BY NCR CEO, MS NOMSA MOTSHEGARE 10 June 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; 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. PROGRAMMES

  9. PROGRAMMES CONTINUED

  10. 3 YEAR ANNUAL PERFOMANCE PLAN Programme1:Topromoteresponsiblecreditgranting.

  11. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 1: To promote responsible credit granting

  12. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 1: To promote responsible credit granting

  13. QuarterlyMilestonesforProgramme1

  14. QuarterlyMilestonesforProgramme1

  15. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 2: To protect consumers from abuse and unfair practices in the consumer credit market and address over-indebtedness.

  16. QuarterlyMilestonesforProgramme2

  17. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 3: To enhance the quality and accuracy of credit bureau information

  18. 3 YEAR ANNUAL PERFOMANCE PLAN

  19. QuarterlyMilestonesforProgramme3

  20. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 4: To improve NCR’s operational effectiveness

  21. QuarterlyMilestonesforProgramme4

  22. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 5: To ensure effective implementation of the National Credit Amendment Act (NCAA)

  23. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 5: To ensure effective implementation of the National Credit Amendment Act (NCAA)

  24. 3 YEAR ANNUAL PERFOMANCE PLAN Programme 5: To ensure effective implementation of the National Credit Amendment Act (NCAA)

  25. QuarterlyMilestonesforProgramme5

  26. QuarterlyMilestonesforProgramme5

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

  28. 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; fees from new registrants; penalties for late renewals; introduce new fee regulations. • Engagement with registrants & key stakeholders • Improve operational efficiency through improved automated processes

  29. THANK YOU

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

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