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Third Quarter Performance Report 2014/2015

Detailed presentation to the Portfolio Committee on Trade & Industry highlighting financial information, successes, challenges, and the NCR's mandate under the National Credit Act.

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Third Quarter Performance Report 2014/2015

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  1. Third Quarter Performance Report 2014/2015 Presentation to the Portfolio Committee on Trade & Industry By Ms Nomsa Motshegare, NCR CEO Date: 24.03.2015

  2. OVERVIEW Mandate of the National Credit Regulator Third Quarterly Performance Report 2014/15 Financial Information Key Successes & Challenges 2014/15

  3. MANDATE OF THE NATIONAL CREDIT REGULATOR • 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.

  4. THIRD QUARTER PERFOMANCE REPORT 2014/15 FINANCIAL YEAR Reason for variance CorrectiveAction

  5. THIRD QUARTER PERFOMANCE REPORT 2014/15 FINANCIAL YEAR Reason for variance

  6. THIRD QUARTER PERFOMANCE REPORT 2014/2015 FINANCIAL YEAR Reason for variance CorrectiveAction Reason for variance

  7. THIRD QUARTER PERFOMANCE REPORT 2014/15 FINANCIAL YEAR Reason for variance Reason for variance

  8. THIRD QUARTER PERFOMANCE REPORT 2014/15 FINANCIAL YEAR Reason for variance Reason for variance

  9. THIRD QUARTER PERFOMANCE REPORT 2014/2015 FINANCIAL YEAR

  10. FINANCIAL PERFOMANCE BUDGET OVERVIEW 2014/2015 • 2014/15 Total expenditure budget revised from R129m- R117m • Re-prioritization and cost containment measures • Additional funding of R5m received in January 2015

  11. FINANCIAL PERFOMANCE OPERATIONAL SPENDING APRIL 2014 – DECEMBER 2014

  12. FINANCIAL PERFOMANCE OPERATIONAL SPENDING APRIL 2014 – DECEMBER 2014

  13. KEY SUCCESSES & CHALLENGES 2014/15 • ENFORCEMENT ACTIONS • 28 referrals to the National Consumer Tribunal; Raids conducted in 3 provinces • 32 compliance Notices issued • CONSUMER EDUCATION & STAKEHOLDER ENGAGEMENT • Advertising Value Equivalent of > R148m: Across all media channels • 14 exhibitions, activations, road shows • 75 Education workshops conducted with stakeholders: Provincial Consumer Protection Desk; Trade Unions, Universities, Church Groups, Tribal Authorities • Interviews: radio & TV -69 • Established Credit Industry Forum • CHALLENGES: • Funding • Office Space

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

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