Newsroom

10 Top Tips to be More Credit Conscious

Johannesburg, 16 October 2019: What does it mean to be financially responsible? As a general rule, you need to live within your means and your expenses should not exceed your income. A big part of this is to manage your credit responsibly and to keep on top of your payments – the way you manage credit can impact your ability to get future loans, like finance for a car, a bond for a house or even a cell phone contract.

Access to Consumer Credit Information for the Purpose of Employment or Recruitment

Johannesburg, 15 October 2019: Subscribers who access consumer credit information for employment vetting purposes should take note of the recent Circular 4/2019 issued by the National Credit Regulator setting out the requirements for data access.

When an enquiry is performed in terms of Regulation 18(4)(g) for the purpose of employment, it may only be done for a position that requires honesty in dealing with cash or finances and the job description of such position needs to be clearly outlined. It is thus the responsibility of the credit bureau to ensure the compliance of our subscribers with Regulation 19(12) of the Act.

Growing 'confidence gap' hampers fraud detection and resilience

Johannesburg, 19 September 2019: There is a growing ‘confidence gap’ between how well businesses across Europe, the Middle East and Africa (EMEA) believe their fraud prevention performance is optimised and the reality, according to new commissioned research by Forrester Consulting on behalf of Experian.

Click here to access the report

Debt Relief Interventions for Overly Indebted Consumers Signed into Legislation

Johannesburg, 26 August 2019: In an effort to aid overburdened low-income citizens, on 15 August 2019, President Ramaphosa signed the National Credit Amendment Act, 7 of 2019 which brings about debt relief interventions for overly indebted consumers.

Experian SA acquires Compuscan and Scoresharp

Johannesburg, 1 May 2019: Experian today completed its historic acquisition of Compuscan and Scoresharp. The combined organisation will spur financial inclusion across the African region, bringing more people into the credit economy and helping create a better tomorrow for millions of people.

Experian, Absa and Township Fleva join forces to drive financial inclusion

Johannesburg, 20 November 2019: Joining forces, Experian South Africa, Absa and Township Fleva, today launched project Spana, an annual programme developed to provide small business loans to local entrepreneurs in Gauteng townships.