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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 Presentation to the Portfolio Committee on Trade & Industry By Ms Nomsa Motshegare, NCR CEO Date: 24.03.2015
OVERVIEW Mandate of the National Credit Regulator Third Quarterly Performance Report 2014/15 Financial Information Key Successes & Challenges 2014/15
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.
THIRD QUARTER PERFOMANCE REPORT 2014/15 FINANCIAL YEAR Reason for variance CorrectiveAction
THIRD QUARTER PERFOMANCE REPORT 2014/15 FINANCIAL YEAR Reason for variance
THIRD QUARTER PERFOMANCE REPORT 2014/2015 FINANCIAL YEAR Reason for variance CorrectiveAction Reason for variance
THIRD QUARTER PERFOMANCE REPORT 2014/15 FINANCIAL YEAR Reason for variance Reason for variance
THIRD QUARTER PERFOMANCE REPORT 2014/15 FINANCIAL YEAR Reason for variance Reason for variance
THIRD QUARTER PERFOMANCE REPORT 2014/2015 FINANCIAL YEAR
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
FINANCIAL PERFOMANCE OPERATIONAL SPENDING APRIL 2014 – DECEMBER 2014
FINANCIAL PERFOMANCE OPERATIONAL SPENDING APRIL 2014 – DECEMBER 2014
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
Thank You! www.ncr.org.za