South Africa’s debt counselling magazine
April 2013 www.debtfreedigi.co.za
S im plicit y
Bitech is recognised as the leading Debt Counsellor software system supplier.
Simplicity is rich in functionality and caters for all Debt Counsellor requirements effortlessly.
Simplicity is leading edge technology and Bitech stay at the forefront of development - we continue to lead the way!
Debt Review Software by
The Simplicity system is fully integrated with Hyphen PDA, which provides you, the Debt Counsellor, with an uninterrupted and efficient service with no manual intervention and in total control. 27(0)16 987as5004/ Bitech is recognised the leading Debt Counsellor software system supplier. 27(0)16 987 5006/ SomeCounsellor features ofrequirements the Simplicityeffortlessly. system are completely unique 27(0)16 987 2369 Simplicity is rich in functionality and catersfor all Debt unique, amongst others is the ability to create bitech.support@iafrica.com customised legal documentation instantaneously. Simplicity is leading edge technology and Bitech stay at the forefront of development - we continue to lead the way!
Contact Bitech
www.bitechsystems.hypermart.net
27(0)16 987 5004/ 27(0)16 987 5006/ 27(0)16 987 2369
Bitech prides itself on its afterintegrated sales service and the PDA, The Simplicity system is fully with Hyphen support it provides Debt Counsellors asuninterrupted which provides you,tothe Debt Counsellor,- this withisan important as service the excellence the Simplicity product! and efficient with noof manual intervention and in total control.
Some features of the Simplicity system are completely unique unique, amongst others is the ability to create customised legal documentation instantaneously.
Bitech prides itself on its after sales service and the support it provides to Debt Counsellors - this is as important as the excellence of the Simplicity product!
Contact Bitech
bitech.support@iafrica.com www.bitechsystems.hypermart.net
p
d
a
Hyphen Technology (Pty) Limited is a member of the FirstRand Group
Hyphen PDA is a division of Hyphen Technology (Pty) Limited, which is wholly-owned by the FirstRand Group - financial soundness is important when considering a PDA!
Hyphen PDA is at the top of its game and is unrivalled in the collections and payment space.
p
d
a
Contact Hyphen
Hyphen PDA essentially operates with the use of banking 27(0)11 303 0060 extension 2 systems (iSeries PDA and Hyphen Technology (Pty)mainframe Limited is acomputers) member ofand thethe FirstRand Group Payments Engine are fully integrated - as a result you will seldom, ever, the of status of your collections or Limited, which is wholly-owned Hyphen if PDA is aquery division Hyphen Technology (Pty) by the FirstRand Group pdaadmin@hyphen.co.za payments. - financial soundness is important when considering a PDA!
The reports areofeverything a Debt Counsellor Hyphen PDAgenerated is at the top its game and is unrivalled in the will need to manage the business reporting is immediate, collections and payment space. current and always available. Hyphen PDA essentially operates with the use of banking
www.hyphen.co.za
Contact Hyphen
DEBT COUNSELLING EXPLAINED Debtfree DIGI asked Debt Counsellor Jacqueline Coetzee of Debt Inc to help explain the debt review or debt counselling process.
Debt review is a negotiation process between a credit provider and an over-indebted consumer to pay a decreased monthly instalment over a longer period of time. The guideline for extended payment terms is 60 months for unsecured debt, 84 months for vehicles and 320 months for Home Loans. In many cases, and by means of the DCRS rules system, the interest rate is negotiated. The Debt Counsellor is the “voice� of the client and facilitates this process in accordance with the National Credit Act. To start the process, once a client has applied, a Form 17.1 will be sent to the credit providers informing them that the client has applied for debt review. The creditors will then provide the DC with a COB (Certificate of balance). The DC will assess the information, and the client will either be found to be over indebted or not. A Form 17.2 will then be sent, informing the credit providers that the client was found to be over indebted and that the application
for debt review was successful. Proposals are then formulated by the DC. Either a non DCRS or a DCRS proposal is sent to the creditors (they prefer DCRS proposals). The Debt Counsellor will then receive the acceptances after the negotiation process is completed and proceed to have it made an order of the Magistrates Court or the National Consumer Tribunal. Debt Review is a noble trade and the success rate is far better than that of a consumer under administration or sequestration. It offers a debt stressed consumer a facility to safely settle debt while not losing assets or going through a costly litigation process. With the DCRS rules implemented both the credit provider and consumers are at an advantage. Debt review is not a process that is never ending. Which means credit providers will receive the money due to them and consumer will eventually become an active member in the economy once again, which in turn promotes the future economic growth of our country.
Debt Wise Solutions Debt review and distribution software. Proud Software provider to DC Partner, Payment Distribution Agency.
https://debtwisesolutions.co.za
Administrators of the Debt Counselling Application Process
www.adcap.co.za
CONTENTS 07 Editors notes
Our Editor Zak King Speak his mind about the benefits of debt review
09 News
All the latests events making headlines
14 Life after debt
17 Letter from a reader
18 Living on Less
Look before you leap
24 Debt counsellor profile
Jacqueline Coetzee
26 Announcement board
27 Cyprus - What happened? 30 Service Directory
insurance done right Call us 086 126 6562 Marijke Wessels Portfolio Manager, Gauteng, KZN & Free State Mobile 082 729 3833 Email marijke.w@one.za.com Sam Haasbroek Portfolio Manager, Western, Eastern Cape & Northern Cape Mobile 082 550 7294 Email sam.h@one.za.com
www.one.za.com One is an authorised financial services provider – FSP 8783
EDITOR’S NOTE How grateful we are that SA lawmakers decided to add Debt Review to the administration and sequestration processes that were already in place for consumers to deal with debt. The process has, and continues to help hundreds of thousands of consumers deal with their once overwhelming debt. The process is also helping thousands of creditors recover their funds via the most affordable collection process in the country. This month Debtfree looks at the positive side of the process: from lovely letters from consumers to their Debt Counsellors, to articles about consumers who got themselves debt free. You will no doubt feel motivated when you read these encouraging articles. Everyday debt review is saving lives (as well as homes & cars) and making a difference. Though no debt review ever runs smoothly, the process is still successful and this is sometimes something that gets overlooked in the face of the everyday squabbles that happen between Debt Counsellor, consumer and creditor.
The world is in a financial mess (check out our article on Cyprus and what happened there) and many consumers face the same reality. Half the credit active consumers in SA are months behind on their repayments. Debt counselling is a great solution for these consumers. So if you are a consumer who has benefited from the process, then tell others about it. If you are experiencing some hiccups a long the way, stick with the process, it works. One day soon you’ll be debt free.
INDUSTRY
CONSUMER
NEWS FLASH For daily debt counselling news in 3 minutes or less visit www.debtfreedigi.co.za
WORLD CREDIT AND COLLECTIONS CONGRESS
The World Credit and Collections Congress (WCCE) for 2013 will be held from the 14th to the 16 of May at the Indaba Hotel in Fourways (Johannesburg). The conference, which is held every 2 years, will host 21 speakers from around the world to discuss the credit and collections industry this year with an African spin.
existing debt review Court Order. Liddle & Associates appeared for the consumer and Debt Counsellor and report that they succeeded on each and every ground raised. They also argued and had COSTS granted in favour of the consumer. This means FRB have to pay for the legal fees of the consumer. Summary of the case:
In terms of the NCA, it is only the Debt Counsellor that is entitled to prepare the proposal and consider the counter-proposals of credit providers. If such credit provider are not satisfied with the proposals, then they must come to court and oppose the For the Program and Booking Form you can application and the court will then adjudicate visit any of these sites: www.creditcongress. thereon. The Goodwood Court Magistrate com or www.creditcongress.co.za or www. was not impressed by FRB’s allegations that the “debt does not solve” over the period set rebels.co.za out in the proposal and order. The Magistrate was well aware that the system used for these FRB fail to rescind consumer calculations is provided by the PDA, which is an independent party to the process. The WCCE is held on a different continent each time and in the past few years it has been held in Mexico , Ireland and Australia. This year the WCCE has moved to Africa and delegates from across the globe are attending.
debt review court order
It now seems that as long as the Debt Counsellors have performed their statutory duties and the court has adjudicated thereon in the granting of the order, any credit providers that have failed to appear in court or failed to oppose will have serious difficulty in successfully bringing applications to rescind Recently counsel was appointed by Firstrand such debt review orders in this court. Bank to argue for the Bank to overturn an Attorneys Liddle & Associates report that they have another judgment granted in their (and thus the DC and consumer’s) favour regarding the variation and/or rescission of debt review orders in the Western Cape in Goodwood.
ACCOUNTING
|
TAX
|
AUDIT
|
CONSULTING
telephone +27 (0)21 462 7533 email info@wcca.co.za www.wcca.co.za
All professionals have professional indemnity if the unforeseen happens. Do you as a professional Debt Counselor have professional indemnity as stipulated by the ethical code?
contact us today for more information
0861 112 882
TELEPHONE 0861 112 882 FACSIMILE 086 605 9751 MOBILE 082 449 6856 EMAIL andre@in2insurance.co.za
www.in2insurance.co.za
NEWS CONT. Referring to the banks new practice of trying to now rescind existing court orders, Robyn Zimmerman of Liddles says that this is “another big win against the Banks and another small step in putting an end to this madness“.
BDCF spread their wings Friday 5th April saw the BDCF meet with various Debt Counsellors from the Cape Town area. Around 30 people attended and most were enthusiastic to see how the BDCF differ from the other existing associations for Debt Counsellors. The meeting began with a word from Randall Adams (Deputy Chairperson) who discussed some of the industry challenges all Debt Counsellors face. Thandi Nhlengetwa (Chairperson) told the audience how BDCF want to promote activism to enhance the industry. A discussion on why the association had chosen the word “Black” to represent marginalization and some interesting statistics came to the fore. At present about 2000 people are registered as Debt Counsellors in SA. Of them about 800 take on clients (some more than others). Out of those active in the industry “only 5% are Black” (or of colour)- The BDCF ask why so few? They want to see this number increase. Reginold Majokana discussed threats to the industry (from disingenuous creditors) and in particular the current proposed structure of Twin Peaks and the FSB. An impressive list of contacts and meetings that the BDCF have attended was mentioned including: The NCR, DTI, BASA, COSATU, NDMA, SACP, ANC and various individual banks. Octavia Hlatshwayo (General Secretary) next told the attendees
of the various benefits of joining the BDCF. Included in the list was the organisations policy of reporting on their lead generation each quarter so that all members could see who received leads. The BDCF also intend to offer training to each member to help “up skill” to ensure the highest level of service to consumers. It was determined that an interim committee was needed to help establish a footprint in the Western Cape and 3 attendees volunteered to assist in doing so. Next the BDCF report they will be hosting a similar meeting in KZN (on the 26th of April). They will once again be looking to establish a local presence.
Standard & Poor’s report on SA banking for 2013 Credit Agency Standard & Poor’s (S&P) have released their banking outlook report for South Africa for 2013. It is entitled: The South Africa Banking Outlook 2013: Uncertainties At Home, Opportunities Abroad.’ In the report Standard & Poor’s predict a few things in regard to the banking sector. Of interest are the following: Loan growth will be less than 10%; The majority of loan growth will be from unsecured lending; Later in the year there will be an increase in people not paying their loans; Property loans are expected to be worst hit and consumers will be defaulting on this in higher numbers later in the year; Property values should stay the same or drop as the year progresses. In summary, Standard & Poor’s feel that though there will be some growth in the credit market , there will be less loans granted from
don’t be a twit
http://twitter.com/Debtfree_DIGI
around mid year 2013 onward. There will be more defaults on existing loans as the year progresses which will put increased pressure on the banks and consumers alike.
The NCR give Capitec a hard time It seems that after it’s recent action against African Bank (for breaking the NCA) the National Credit Regulator (NCR) have turned their eye on Capitec bank. The NCR are not happy with the way Capitec handle initiation fees on their one month loan product. When a consumer takes out a loan with any creditor then, by law that creditor has to go through an evaluation and credit approval process. The Creditor can then charge an initiation fee, an administration fee and interest on the credit.
contravened the National Credit Act but that they intend to fight the accusation. Mr Stassen of Capitec says the bank did not charge an administration fee, and its initiation fee and interest rate were well below the 5% interest ceiling allowed by the act. It seems that Capitec may now need to review this product and make some changes.
Sticky details – NCR circular about Debt Counsellors decals In their REGISTRATIONS CIRCULAR 1 of 2013 the NCR have reminded Debt Counsellors that they might need to replace their Window decals, many of which expire in March 2013. For any queries please contact Vuyokazi Ngxamngxa on telephone 011 554 2840, or alternatively send an e mail to vngxamngxa@ncr.org.za.
The problem that the NCR have identified is Get daily news in 3 min or less. www. that with the Capitec product a consumer can debtfreedigi.co.za/news tap into the monthly loan product again after repaying the full amount. Capitec see this as the same loan. However Capitec will at this point do an evaluation again, every time the PAGE 18 consumer renews the loan…and they then charge a new “initiation fee”.
LIVING ON LESS
However, as stated, this is, in fact, not a new loan. Therefore no new initiation fee is allowable under the NCA. This would only be allowable if a new loan is issued. Capitec has said that they recently received a notice from the NCR alleging that they have
LOOK BEFORE YOU LEAP
NEXT PAGE 14
LIFE AFTER DEBT
CONSUMER
Life after Debt This magazine is called Debtfree. It is the goal of many who have been bitten by over reliance on credit to finally get to be debt free and to stay that way. No doubt you have noticed that the magazine often has beautiful covers featuring exotic holiday destinations. You might see them and think ‘Well, that’s pretty but I could never afford to go there with all my debt’. The good news is that, if you stick to your plan to repay your debt, then one day soon that could be exactly where you are headed.
also helps teach us how to budget and spend responsibly. That does not end the day the debt review ends. These are excellent habits that can last a life-time. This means that soon, when your debts are paid off, you will be saving toward things you now not only need but also want. Like a holiday to somewhere exotic or something else lush. To get to that point, the debt has to be paid first. Imagine that day. Your last debt repayment through debt review. It’s the goal, the finishing line, the light at the end of the tunnel. If you keep focused on that The debt review process not only helps ultimate goal you will find it easier to stick with consumers repay their debts over time, but the process when times are tough.
As the industry matures more and more consumers are doing just that: finishing of the debt repayments through the debt review process. When that happens the Debt Counsellor issues a certificate which confirms this fact. This ‘clearance certificate’ shows that your debts are now fully paid. What some consumers have found is that getting that certificate is not a straight forward process, why?
means the calculations on interest will be very different over time from that of your PDA.
One way to see if that is happening is to make sure your creditors send you monthly statements (or maybe every 2nd or 3rd month). If you see a difference between the figure shown and that provided by the PDA speak to your Debt Counsellor. Something that has become obvious to Debt Counsellors over time, is that the earlier these differences are One factor to be considered is: do your creditors noticed, the easier it is to sort out. agree that your debt is paid up? It might sound like a silly question since each month you will Sometimes creditors add on all sorts of bogus be watching the balances owed to your various fees and costs which are not covered in the creditors slowly decreasing. This statement (of debt restructuring court order. If that is the your payments and the balance due) will be case, these extra fees will also throw off their provided to you by your Payment Distribution calculations and this will lead to big differences Agency (PDA). The PDA works with the figures down the line. Once again, consumers should that were provided to your Debt Counsellor keep an eye out for these charges and query when you first entered the process. It is them with the creditor. Their Debt Counsellor important to note that the PDA figure and the might also be able to assist them in doing this. Credit provider’s figures don’t always match. Often, the difference is only a few Rands and Normally what happens at the end of the maybe you don’t mind paying in that small process is that the DC will confirm that amount to settle things but from time to time the payments were made as per the court the difference can be large. order and where possible help sort out any differences. It is sad to see creditors fighting This may be because the creditor originally over a few Rand when they allow collection gave the Debt Counsellor the wrong attorneys to write off huge chunks of debt to information, or because they refused to give collect debts. This behaviour seems to be part the Debt Counsellor any information and the of the sadly persistent abuse of consumers and Debt Counsellor had to use information from unreasonable resistance to this excellent debt a credit bureau report or one of your current recovery process. statements. The great news is that once all these little Another reason is that sometimes the creditor fights are done (often without the consumer does not capture the debt review process even knowing or appreciating how much work on their system and does not adjust interest this involves) the clearance certificate is issued. rates and payment amounts fast enough. This Credit Bureaus are notified and the debts
removed from their systems. The Consumer is now “debt free”. Daily, dozens of consumers are coming out of the debt review process happy that they have been able to pay off their debts responsibly and relieved to be financially free.
but the counsellor explained everything and I was willing to start the journey”.
Mr Zulu says that he had quarterly meetings with the counsellor to discuss progress and soon began to settle his debts. Sooner than he Take the example of thought possible his debts were all paid up. Mr. Lethu Zulu from the Outeniqua area near How does he feel now that his debt is settled? George. He says he got “I now feel very happy and positive about into debt because of the life”. Looking back he says: “I did not plan well ever increasing cost of before, but I have learnt a lot about financial living, as well as family behaviour and attitude during the process...I responsibilities. Mr Zulu now budget well and plan and save for things”. explains:” I was raised by a single parent so since I If you have just begun the debt review process, began to work there has always been a lot of good for you! If you are far along in the process, expectations from me since I am the eldest and keep up the good work. Make sure you don’t the only one in the family who was working”. miss any payments and keep true through the He also mentioned that he had a child which rough times and keep your goal in mind. If you then dramatically increased his monthly are now at the end of the process, remember payment obligations. to give your Debt Counsellor time to assist you in getting your clearance certificate. Don’t When his payments began to fall behind he be frustrated if there are some differences of says:” My debt left me feeling frustrated and opinion about what the balances on your depressed.” He had several cash loans at the accounts are. That almost always happens. same time. “The ones where you can re-apply Rather thank your Debt Counsellor for going when only a certain percentage of the loan on this incredibly rewarding journey with is paid” he explains. In addition, he had a car you and for all the hours they have put into he was paying off, credit card accounts and of assisting you. Don’t forget to give yourself a course, clothing accounts. The pressure was pat on the back too. Well done on getting debt mounting and he felt stuck. free! Now you can start saving for that holiday. You deserve it. Fortunately he was able to make the decision to get some help. “I read some newspaper PAGE 18 articles about debt counselling and then checked the NCR [National Credit Regulator] website for the database of debt counsellors in LOOK BEFORE my area, then contacted them” he relates. “At YOU LEAP first I wasn’t sure of how the process worked,
LIVING ON LESS
INDUSTRY
CONSUMER
Letter from a reader to get e m d e p l my DC he
debt free
deep etting so g p u d e d lie How nd en hts I would younger a ig s a n t w A I . n e th mon ns wh bout ents each ould get a bad decisio lm w I ta w s s ll fe in a c a y e e m n pho I mad t see t pay ers and the I could no and did no tt t d le a e ’s s th s y t e re b rn p e e o into d sty att tally d e. I was to g about na d in a y m rr o e b w e would awak when they d n a ts n e paym n pay uldn’t eve o c I t. u If o . y o a d any w hat to elling ebt couns ot know w d n t u id o d b I a t n rd I hea regna . After aby? Then ounsellor) out I was p b C d a t n r b u e fo fo D e I l id a n Whe I prov ed off p (a loc ies was lift with Philli how would rr , t o c ts w n ta f u n o o o c d c c rl my a if a wo I made al. or it felt as my family ll h e s g n u u baby’s arriv ro o y C th t m b e to and D rd e rwa h th eeting wit rt to look fo ta s y ll a n my first m fi ts and and I could my accoun rs ll e a ld n u o o s h e s my s very alanc onth. I wa e correct b m th h c t a e e g n e o urvive elped m at I could s unsellor h h o C w t e b e s e D to The dget ugh my bu ro ss. th t n e w y we view proce re t b e n originall a d e th th re o rt m ta s slightly happy to month me to pay d e g 50.00 each ra 1 u R o c a n tr e x e d y n n a me to me a do so. To m ld pay just a u c to o C c I le D b if y a t a s m ed th y nd wa Last year . He explain s before m ke a plan a a le th ib m n s o s to o m d p 6 e if whole I decid planned, paid off, a ven more. e ll a e s m a w lp t e y deb it would h make any ary 2013 m to u n e a v J a e h m ’t o n d I do surprise c cleared an date. is e c e n m ra a a n le y that m e. original c n’t describ f knowing a o c I g n g li in e fe th ll some Just the live with a anymore is ’t n ts a n c e y m e y a th to els that debt rep was there C ne who fe D o y y n M a . to th h mon review one e calls eac end debt s just a ph n y o m a h m p lw o a s c s n re a o d he w collecti I would lidays ) an e horrible o h th is d h n a g t n b en duri their de estions (ev u e! q y m ll a reat servic g t o answer g y ll a il away. I re call or ema s, Kind regard Anneke
CONSUMER
LIVING ON LESS Times are tough and we all need to make our money stretch these days. As the cost of living increases it seems that, come the end of the month, there is always a little less cash left to enjoy life with. The Living on Less is a section of Debtfree DIGI which looks at ways wise consumers can keep their living expenses down and save funds. We also consider ways to still have some fun for less. Living on Less is about spotting a great deal and letting others know. It’s about changing our mind set to reflect the reality that times are tough and we need to get savvy. Sure times are tough but you can still have fun while Living on Less.
LOOK BEFORE YOU
LEAP! Changing your line of work or source of income can be scary at the best of times. What about when you are living on less? You might feel that the salary you get at the end of each month is not worth the stress! Your current position may even move you to tears, and you have to drag yourself out of bed each morning. Maybe a change is just what you need. Whether you are in the debt review process or just dealing with the pressures of everyday expenses, this might seem impossible. We turn to Chartered Accountant Wayne Coetzee to hear how he managed to make just such a change at a time when others might cringe at the thought. I recently started running my own business. The term; “running” seems quiet appropriate, as that’s what it seems I am doing most of the time. In the past few months, I have learnt valuable lessons with regard to what to do...and what not to do. If you are able to run your own sustainable business, there are certain things that you have to take into consideration before
making the leap. I was fortunate in the sense that I am a qualified Chartered Accountant. I know that the skills that I have learnt and developed are needed by business and that I would be able to sustain myself by being selfemployed. However, the principles in starting up a business remain the same, regardless of which field you specialize in.
Principle 1: Do your homework.
a move, as the smaller CA firms have started dwindling. Dwindling in the sense that they didn’t go bankrupt, they just got bigger and Before any new business venture reaches lost the personal touch. fruition, there is a lot of Investigation needed. Ask yourself and have a clear picture of the 2. I knew right from the start who I would be focusing my energy on. I wanted owner answers to the following questions: managed. That was all. I still have not deviated from this focus, and it is paying off. 1. Is there a gap in the market? 2. Who will my customers be? (Who are they? 3. The competitive advantage that I believed I had over my competition was that I knew I Write it down) would be able to provide speedy quality service 3. How will I be able to gain a competitive to my clients that the bigger firms cannot do that much anymore due to their vast volumes advantage over my competitors? of work. 4. What will I sell? (how much will this product 4. As a Chartered Accountant, I have been taught, and have developed a wide range of or service cost me to offer?) skills. I am able to take on high end valuations, 5. How much will I need to spend to set up my reorganization of companies, full business analysis etc. However, instead of focusing on business? this sort of work, even though it is lucrative 6. Will I have income immediately, or will my when you get it, I decided to focus on work which is more sustainable in the long term, as first income be only a few months later? the lucrative work only happens periodically. 7. If it’s a few months later, how will I finance Therefore my approach was to offer my clients myself for the first few months? ( A man must the full monthly accounting function. Do the books, do the VAT, work out the payroll, submit eat and pay the bills after all) the PAYE. I knew if I focused on this, the bigger, So this was how I approached the questions more lucrative projects would arrive eventually, such as business valuations and audits, which above: 1. I identified that there was a gap for a small they now have. But I still have my set list of chartered accountant business that focused on monthly clients which pays the bills. owner managed entities with a few employees. I saw that most of these types of entities do not enjoy paying the enormous fee’s to the bigger firms, and sometimes getting sub-standard work. Therefore, the time was right to make
5. It was difficult to determine how much a Business setup cost is. In my line of business, I essentially needed a quick processing computer, a fast internet line, and a printer. You have to think about the initial capital outlay,
because even though I thought my setup costs would be minimal, my final setup cost is still approaching the R40,000 mark. I had to buy computers, software licenses, printers, setup internet lines etc. Then there were the smaller expenses that I didn’t think of at first such as buying paper, getting business cards printed, buying files, setting up an actual desk and office chair, setting up a website etc. It adds up. 6. I was fortunate that I started earning income from my business while I was still employed full time. I used every spare cent I had to setup the business, and as soon as I could, I started working on it. Therefore, I felt fairly confident that when I decided to take the leap that I would be able to sustain myself immediately. However, it is a major consideration before you jump into your own business.
Principle 2: Be prepared for hard work
able to go home at 5pm everyday, or whether knock off time doesn’t matter anymore. Trust me, when you work for yourself, the time does not matter anymore you work and work till it’s done.
Principle 3: Have a (temporary) plan B You may have to explore other ways to draw an income while your business is growing. For example, I knew that while my business and my client base were growing to the point where it could sustain me full time, I would have to work at something else. I signed on to be a Lecturer at UNISA a well recognised institution where I now lecture Auditing. This allows me the freedom of receiving a regular income for a secondary but related source, and it still allows me the time needed to grow my business. I know the lecturing will not be a full time endeavour, but for right now, it is filling the gap. As part of the “homework” stage, explore different options that you can do while you grow your business. It will be a temporary measure, but it may be difference to building a sustainable enterprise or folding within a few months.
Starting your own business is not the finish line. It’s the starting point. Once your business is off the ground, be prepared to work at it. Your business may start operating while you are employed full time, and this will mean, from that point forward, you will be maintaining two jobs. This was the case in my situation. I These are a few of the things I have found in was still working full time while tackling the my line of work. I hope that you find it useful, needs of my clients. I worked many weekends, and truly: look before you leap. and lots of late nights. Be prepared for it. Wayne Coetzee CA(SA) – Owner of WC Coetzee Once I left my full time job, I suddenly freed up & Associates. a lot of time, but then I took on more work for my business, and I quickly became busy again. Carefully consider whether you want to be
Debt Wise New Feature DebtWise is constantly looking for ways to help make our Debt Counsellors lives simpler.
AUTOMATED E-MAILS
To make use of this function, please follow the following Easy steps on Debtwise: 1. Open the applicant 2. Other options – “email creditors”
3. The following screen will appear where you will have the following options to choose from: · Select all creditors to mail to. · Select only one specific creditor to mail to · An additional field where you can type a message to your requirements.
4. Also is the below list of documents available to add to your mail(please note only one at a time): • Form 17.1 • Form 19 • Form 17.1 - Follow up • Form 17.1 - Transferred • Form 17.2 - Accepted • Form 17.2 - Rejected • Form 17.3 • Form 17.4 - No co-operation • Form 17.4 - No payment • Form 17.4 - No payment with Court Order • Form 17.4 - Voluntary withdrawal • Form 17.4 - Voluntary withdrawal Debt Counsellor • Form 17.4 - Voluntary withdrawal Dissatisfaction
• Form 17.4 - Consumer deceased • Form 17.4 - Termination • Form 17.4 - Voluntary Transfer • Form 17.4 - Paid Up Form • Form 17.7 - Transfer of DC documents • Standard Proposal • Standard Proposal - Follow up • Payment Notice
Debt Wise Solutions Debt review and distribution software. Proud Software provider to DC Partner, Payment Distribution Agency.
https://debtwisesolutions.co.za
DEBT COUNSELLOR PROFILE
Jacqueline Coetzee Debt Inc 022 713 2021 jacqueline@debtinc.co www.debtinc.co
How long have you been a DC? I have worked with Debt Inc for the last 3 years, and for 2 of those years as a Debt Counsellor. Why did you become a DC?
date with all relevant changes and progress in the industry which in turn makes us capable to inform our clients and assist them accordingly. Where do you find new business?
Via word of mouth, Debt Inc website, referrals After a year with Debt Inc I came to love the from clients /credit providers /Other Debt process and wanted to learn more about the Counselling firms and contracts with employer NCA and Debt Inc gave me the opportunity groups. to do the Debt Counsellor course. Today, debt counselling for me is not only a job but Who are your most co-operative and least coa passion, and being able to do this every day operative credit provider at the moment? and enjoy it doesn’t make it work, thanks to Most co-operative are Consumer Friend, Debt Inc. Nedbank and FNB. Least co-operative credit providers are Absa and Standard Bank What area (of SA) do you practice in? Our Head office is in the beautiful West Coast of Vredenburg. We have offices in Pretoria, Malmesbury, Mosslbay & Worcester. Our client base is nationwide and although we don’t have offices in every town, our business model if of such a calibre that we can service clients all over the country and successfully place clients under debt review and assist them in getting rehabilitated. What makes your business a success? We have well trained, passionate staff that do not only see the applicant as a file, but as a real person and attend to these applications with professionalism, integrity with the client’s best interest at heart. Our success is also based on the fact that we have built great relationships with the credit providers and learned not to see them as the “enemy” but as a partner in this process. As a member of DCASA we actively participate in meetings and keep up to
What is the biggest challenge facing Debt Counsellors at the moment? Demands for review of already granted court orders from creditors. In many cases, due to the increase in living costs consumers do not enough money to increase the monthly rehabilitation amount. Legally creditors cannot proceed with legal action, but clients are harassed and threaten and clients expect the DC to sort the problem out. What advice do you have for consumers under debt review? Keep the faith, pay your monthly rehabilitation amount diligently and when you have extra money available, settle smaller accounts. Always remember debt review is an awesome and noble trade, but consumers have to take the matter serious and push through this process, even when it gets rough.
DEBT COUNSELLORS ASSOCIATIONS ANNOUNCEMENT BOARD 17 April: Gauteng Meeting 12H00 to 15H00 - Venue t.b.c. 25 April: Eastern Cape Meeting. 15H00 to 16H30 - Venue t.b.c. 26 April: Kwa-Zulu Natal Meeting 10H00. Westville Country Club Join us on our online forum: http://www.dcasa.co.za/forum/index.php
www.dcasa.co.za
Thanks to all those who joined us at our meeting in Cape Town this month. We look forward to working along with all our new members. We are proud to announce the names of our Western Cape Interim Committee : Steven de Kock, Rudwyn Abrahams, Graham Kelroe-cooke BDCF will be in KZN on the 26 April - Details on our Facebook Page www.bdcf.co.za
NewERA will be holding our Annual General Meeting in Midrand, Johanneburg on Saturday April 27th. All DCU members are welcome. The AGM will start at 3pm and run till 5pm. The Venue is Shining Stars pre-primary school at Waterford Estate. For more information contact: chairman@newera.org.za www.newera.org.za
We will be hosting a workshop about How to start or maintain a sustainable debt counselling business on the 10th of May 2013. Some of the main attractions and topics cover at the workshop will be: One of SA’s top 10 Entrepreneurs; PDA’ presentations; Leads generation; Branding experts; Business coaches;Attorneys; Generating other income from debt counselling “spin offs” Contact legal@allprodc.org to book. www.allprodc.org
Cyprus - What happened?
It has been said that normally it’s the people that rob the banks not the banks that rob the people. Well, recent events have turned the world financial perceptions and norms on it’s head. At the heart of it all is the small Mediterranean island country of Cyprus.
businesses, for example, banking in Cyprus because Cyprus had a very low corporate tax rate. The 2 largest banks were tested by the European Banking Authority (EBA) in July 2011 and found to be in reasonable condition. However they required that these 2 banks get a capital injection of around 2 Billion Euros to So what happened and why should we care? meet their standards. The government said It is said that the economic crisis in Cyprus that if the banks could not do that on their own has been brewing for years. Cyprus attracted they would assist. investors and banking clients by having what is called double taxation treaties with a number Factors contributing to the crisis: An explosion of countries (including the Soviet Union). That in 2011 of the power station producing half means that if profits are booked and earned the countries electricity, Global recession and and taxed in Cyprus, they are not taxed again knock-on effect from the financial crisis in by the other country where other branches of Greece. As things grew worse and time passed a company are. This resulted in lots of Russian it became evident that these banks probably
needed a capital injection of €10 Billion. Soon ratings agencies began to downgrade Cyprus’s status and investors began to back off. This made getting capital even more difficult. Something drastic would have to happen. Unlike some other counties (Greece and Ireland) the EBA decided that Cyprus would not get the “breaks” and “get out of jail free cards”. They demanded that Cyprus come up with the capital or face bankruptcy and being booted out of the Eurozone.
The Cypriot government then decided that if they took 40% of some consumers savings they would have all the capital they needed to meet the EBA’s requirements. They decided that to be fair to poorer people they would only take money from those accounts with a balance of more than €100 000.
Thus at the last minute, Cyprus secured a €10 billion package of rescue loans which it is hoped will save the country from a total Since they could not come up with the money banking system collapse and bankruptcy that required to meet the EBA’s standards and could have destabilized the entire euro area. qualify for another giant loan the government announced that they were looking at possibly Euro saved by the bell taking funds out of consumers bank accounts In return for the bailout, Cyprus must to cover the needed capital. Understandably drastically shrink its outsized banking sector, consumers panicked and fears of all depositors cut its budget, implement structural reforms trying to withdraw and move their money and privatize state assets. Without a bailout became reality. The Government quickly took deal by today the tiny nation of about 800,000 steps to prevent this, and after some hasty law would have faced the prospect of bankruptcy, making, consumers were unable to draw more which could have forced it to become the first than €100 a day, all the while the government country to abandon the euro currency. That was busy eyeing their savings and investments. would have upset markets further and spurred
Consumers were unable to draw more than €100 a day, all the while the government was busy eyeing their savings and investments. turmoil across the entire eurozone.
said Cyprus’ Finance Minister Michalis Sarris. “A long period of uncertainty and insecurity While the bulk of that money is now being surrounding the Cyprus economy has ended.” raised by forcing losses on large deposit holders, the remainder will come from tax The measures are likely to deepen the recession increases and privatization or government in Cyprus and lead to more job losses. Analysts assets. The International Monetary Fund have say that Cyprus will now reach a debt level of said that the country’s business model of about 100% of their GDP by 2020. attracting foreign investors, with low taxes and lax financial regulation had backfired and now What do we learn? needed to be upended. Don’t fool yourself banks can and do go out of business. Sometimes massive steps need to Banks will fall and heads will roll be taken to save the day. Remember Saamfou Despite the loan and these steps the country’s (Saambou)? Consumers should not delude second-largest bank will be shut down themselves into thinking that their money immediately. Savers’ deposits with all Cypriot is “safe” simply because it is sitting in a bank banks of up to €100,000 are guaranteed by account. Things can change dramatically and the state in accordance with the EU’s deposit very quickly. insurance guarantee and will be moved to the countries largest bank in the near future as the We also learn that countries (and banks), like countries second largest bank is dismantled unrestrained consumers who constantly rely and restructured. on new loans to help them cover costs, are headed for disaster and need serious debt “It’s not that we won a battle, but we really have counselling themselves. avoided a disastrous exit from the eurozone,”
SERVICE DIRE EASTERN CAPE: DRS ALBANY Office: 041 373 9693 Email: dcfull@drssa.co.za BORDER REGION: DRS BEACON BAY Johan Pretorius Cell: 082 324 4038 Office: 043 748 1139 DRS BUFFALO CITY Herman Marias Cell: 082 378 3743 Office: 043 7210652 DRS KING WILLIAMS TOWN Herman Marais Cell: 082 378 3743 Email: herman@drssa.co.za DRS CRADOCK Office: 043 721 0652 DRS QUEENSTOWN Herman Marais Cell: 082 378 3743 Email: herman@drssa.co.za DRS MTHATHA Herman Marais Cell: 082 378 3743 Email: herman@drssa.co.za
DRS PORT ELIZABETH Derryn Fish Cell: 084 515 6135 Office: 041 453 8961 Email: derryn@drssa.co.za
DRS ALGOA Marius Weyers Cell: 083 497 3219 Email: marius@drssa.co.za
DRS SIDWELL EXPRESS Keith Le Roux Cell: 073 207 1675 Office: 041 451 0474 Email: Keith@drssa.co.za
DRS BOND CHOICE Andrea Atkinson Office: 041 393 7000 Email: andrea.atkinson@drssa.co.za
DRS SOMMERSET EAST Luther De Bruyn Cell: 082 568 2970 Office: 042 243 1107 Email: luther@drssa.co.za
DRS CENTRAL EXPRESS Derryn Fish Office: 041 373 9693586 2020 Email: derrynfish@drssa.co.za DRS DESPATCH Isabe Landman Cell: 072 337 3328 Office: 041 933 1189 Email: isabe@drssa.co.za DRS HUMANSDORP Morne Steyn Cell: 083 298 8182 Office: 042 291 0135 Email: Morne@drssa.co.za DRS NKONKOBE (Fort Beaufort) Bernadine von der Decken Cell: 083 2859289 Office: 046 645 1898 Email: bernadine@drssa.co.za DRS KIRKWOOD Keith Le Roux Cell: 073 207 1675 Office: 041 451 0474 Email: keith@drssa.co.za
DRS UTENHAGE Lynn Lindoor Cell: 083 7174 183 Email: Lynnl@drssa.co.za FREESTATE: DRS GOLDFIELDS (Welkom) Irvin Billy (Derryn Fish) Cell: 072 114 4427 Office: 081 319 0083 Email: Billy@drssa.co.za DRS MANGAUNG Amanda Johnson Office: 041 373 9693 Email: dcfull@drssa.co.za DRS FOREISTATA EXPRESS (Bloemfontein) Derryn Fish Office: 041 373 9693 Email: dcexpress@drssa.co.za
ECTORY DRS SOUTH FREESTATE Nelmarie De lange Cell: 079 236 3615 Office: 053 591 0734 Email: nelmarie@drssa.co.za GARDEN ROUTE:
DRS PRETORIA NOORD Office: 041 373 9693 Email: dcfull@drssa.co.za DRS ROODEPOORT EXPRESS Derryn Fish Office: 041 373 9693 Email: dcexpress@drssa.co.za
DRS DE AAR Veronique Louw (Derryn Fish) Cell: 076 382 2020 Office: 053 631 1189 Email: deaar1@drssa.co.za
DRS RUSTENBURG Amanda Johnson Office: 041 373 9693 Email: dcfull@drssa.co.za
DRS GEORGE Francois Van Zyl Cell: 079 522 1930 Office: 044 874 2820 Email: francoisv@drssa.co.za
KWA ZULU NATAL:
DRS EDEN (Hartenbos) Bruno Mertsch Tel: 042 291 1083/4 Email: brunom@drssa.co.za GAUTENG: DRS CENTURION EXPRESS Amanda Johnon Office: 041 373 9693 Email: dcfull@drssa.co.za DRS LYNNWOOD Junique Julius Office: 012 807 4339 Email: lynnwood1@drssa.co.za DRS PRETORIA EXPRESS Ben Vermeulen Cell: 082 442 8654 Office: 012 331 2145 Email: bverm@lantic.net
DRS GREYVILLE Vyas Juggernath Cell: 083 206 0300 Office: 031 309 8716 Email: vyas@drssa.co.za DRS KOKSTAD Melanie Louwrens Cell: 083 269 0424 Office: 039 727 1430 Email: melanie@drssa.co.za DRS MORNINGSIDE DURBAN Erica Mtshali (Amanda Johnson) Cell: 076 578 8660 Office: 031 301 5990 email ericah@drssa.co.za DRS PHOENIX Vyas Juggernath Cell: 083 206 0300 Office: 031 309 8716 Email: vyas@drssa.co.za
DRS PIETERMARITZBURG Sanele Zulu Cell: 083 543 3487 Office: 033 394 8319 Email: sanele@drssa.co.za WESTERN CAPE: DRS BELLVILLE Patricia Bekker Office: 021 948 8523 / 4 Email: patricia@drssa.co.za DRS DIAMOND Clive Palmer Office: 021 421 8563 Email: clive@drssa.co.za DRS TYGERBERG Craig Lakey Cell: 082 627 0957 Office: 021 945 4062 Email: craiglakey@drssa.co.za DRS WEST COAST Marius Coetzee Cell: 082 978 4407 Office: 022 713 3766 Email mariusc@drssa.co.za DRS SALDANHA Marius Coetzee Office: 022 713 3766 Email: mariusc@drssa.co.za DRS SOLUTIONS Christelle de Villiers Cell: 084 586 5600 Email: cdv@vodamail.co.za
SERVICE DIRE DEBT COUNSELLING AA Debt Counselling Centre Anthea Johannes NCRDC531 Tel: +27 (0) 21 982 0522 Cell: +27 (0) 84 402 7032 Alan Watts NCRDC 962 NCR registered Debt Counsellor Tel: 084 4448439 Fax: 086 6501954 alan@active-debt-counselling.co.za www.active-debt-counselling.co.za
Debt Consortium Changing your life for the better Sibusiso Mabe Tel: 012 323 9033 Mobile: 071 724 7943 Mobile 074 992 5194 www.debtconsortium.co.za
Debt eezy Your Debt Solution made Easy Ashley Carstens NCRDC858 Tel: 021 839 2809 Fax: 083 512 4160 / 086 665 9125 Email: debt.eezy@gmail.com Website: www.thedci.co.za
DEBTINC NCRDC’s 1071, 1188, 1189. Tel: (022) 713-2021 Fax: (022) 713-2028 Share Call: 0861 20 21 20 E-mail: Info@debtinclusive.co.za Website: www.debtinclusive.co.za SMS: HELP to 35075
Debt Rescue Neil Roets NCR DC 474 Cell: 083 644 7406 Tel: 0861 800 009 Fax: 086 523 0617 E-mail: admin@debtrescue.co.za www.debtrescue.co.za
DebtSafe 0861 100 999
Debt Counselling South Africa Cape Town Branch Tel: 021 919 66 94 Rod De Witt NCRDC831 Visit: www.debtcounsellingsa.co.za
sibusiso.mabe@debtconsortium.co.za
Central SA Debt Counsellors 082 950 7806 Fax: 086 563 1621 Consumer Assist Johann Vermeulen Tel: 0861 628 628 Credit Matters 021 431 9100 info@creditmatters.co.za CS Debt Counselling Bernidene Smith NCRDC 764 057 352 4115/352 5000 Welkom - Free state Darran Manikam NCRDC704 debt@mailbox.co.za Debtbusters 0861 663 328 (NO DEBT) Debt Budget Tel: 021 824 8885 Debt Solve Debt Counsellors Office: 033 397 0945
Debt Rehab Colleen Van Wyk(BCom, LLB) Debt Counsellor NCRDC2619 Tel: 083 290 0848 Tel: 011 740 7374 Fax: 086 716 9694 Website: http://debtrehab.co.za
Debt Serious We are serious about debt Vida Scheepers NCRDC1792 Po box 394, Garsfontein, Pretoria 0042 Fax no: 086 553 9403 vscheepers@mweb.co.za
ECTORY Fincorp debt Counsellors cc Cecilia Zwarts fincorpdc@yahoo.com
Debt Management & Counseling Services “The greatest glory in living lies not in never falling, but in rising every time we fall.” - Nelson Mandela Derry Burge NCRDC108 140 Irene Avenue, La Concorde, Somerset West, 7130 Tel: 021 855 5997 Cell: 074 177 5375 Fax: 021 855 1195 or 0865413200 E-mail: dburge@telkomsa.net Durban Debt Counselling Services Suite 112, 1st floor Union Club Building 353 Sm ith Street Durban, 4001 Tel: 031 301-7893 Fax: 031 301-5809 phumla.ngema@telkomsa.net
Fair Finance Solutions Your debt is our priority Amanda Fair Registered Debt Counsellor NCR946 553 Jacqueline Drive Garsfontein Pretoria Tel: 0861 26 26 32 Fax: 082 921 7093 Cell: 086 564 3674 amanda@fairdebtcounselling.co.za www.fairdebtcounselling.co.za
Holistic Debt Counsellors info@holisticdc.co.za Helpdesk Debt Counsellors Allan Hoffman Tel: 0861 000 754 Help-U-Debt (Vaal Triangle) Wanine Tel: 082 445 3967 Help-U-Debt (Potchefstroom) Madra 083 390 3275 Help-U-Debt (Parys) Marilouise 082 920 6249 Help-U-Debt (Vanderbijlpark) Herma 083 320 8303 Incentive Debt Counselling “Paving the way to a Debt Free Tommorrow” Darran Manikam NCRDC704 Tel: (031) 409 9379 Fax: (031) 409 1327 Cell: 0845898286 Branches: Phoenix and Shallcross Indigo debt counsellors CC Tel: 087 808 9734 Fax: 086 580 8675 indigodc@iburst.co.za
The best angle to approach debt is the Triangle Caledon - Western Cape Contact Person: Yolande 8 Hoop Street, 7230 Caledon caledon@triangletrust.co.za Tel: 028 212 2537 Ceres - Western Cape Leyll str 61, 683 Ceres andre@triangletrust.co.za Tel: 023 312 1292 Fax: 023 312 2119 Worcester - Western Cape 71 Porter Street 6850 Longitude: 19.44305 Latitude: -33.64942 worcester@triangletrust.co.za Tel: 0233420576 Fax: 086656801 Bloemfontein - Free State 94 Zastron, 9301 Bloemfontein Contact Person: Yolande bloemfontein@triangletrust.co.za Tel: +27 51 448 2828 Fax: +27 51 447 9481 Viljoenskroon - Free State 35 Denyssen Street, 7230 Contact Person: Johann Olivier viljoenskroon@triangletrust.co.za Phone: +27 56 343 0352 Fax: +27 56 343 035 Welkom – Free State 329 Stateway, 9460 Welkom Contact Person: Susan Roux Email: welkom@triangletrust.co.za Tel: +27 57 352 6117 Fax: +27 57-352 2355
SERVICE DIRE MG Consulting Strand - Helderberg Area Telkom : 021 853 4537 Mobile Phone: 082 450 7459 Fax Number: 0866 220 690 E-Mail: info@mgconsulting www.mgconsulting.co.za
Mzansi Debt Counselling Octavia Hlatshwayo Tel: 011 868 1185 Fax: 0861 00 22 70 octavia@mzansidc.co.za www.mzansidc.co.za NDA Debt Counsellors Your Trusted Debt Counsellors Gary Williams (NCRDC 143) Tel: 034 315 3880 Fax: 086 612 4112 gary@ndad.co.za www.ndad.co.za
Penny Wise Debt Counselling Cathy Foster Debt Counsellor - NCRDC1977 Tel: (011) 794 9912 Fax: 086 719 3378 Mobile: 083 298 4467 Email: cathy@pennywise.co.za www.pennywise.co.za
Rihanyo Debt Counselling (012) 804 50 57 SFA Debt Relief Consultants Adri de Bruyn NCRDC998 11 Market Street / Markstraat 11, Paarl, 7646 Tel: 021 872 1968 Fax: 021 872 2678 adri@sfadebtrelief.co.za Think Green Debt Counselling Sandi Pauw sandipauw@mweb.co.za Tel : 012 991 6638 Cell : 082 460 7800 Fax : 086 219 2615 U-Win Debt Counsellors Coreli Roos - NCR DC 509 Aliwal North, Burgersdorp, Bethulie, GariepDam, Smithfield, Springfontein Cell:079 626 66241 croos@global.co.za Zuné Coetzer Debt Counsellors NCRDC 1599 24 van der Stel Street, Dan Pienaar Bloemfontein Tel: 051-4364515 Fax: 086 5870 845 Email: zunecoetzer1@gmail.com SUPPORT SERVICES Staff Line Ndizani Executive Recruitment Cell no: 083 3028163 Direct Line: (011) 468 - 2150 E- Mail: saki@staffline.co.za
Information resources & services www.thedci.co.za Designtimes South Africa’s creative resource www.designtimes.co.za TRAINING Compuscan Academy 0861 51 41 31 www.compuscanacademy.co.za You & Your Money Western Cape: NCR Debt Counsellor Training: For a Cutting Edge Course with practical input contact: You & Your Money Dawn Jackson Dawnjackson.training@telkomsa. net Cell: 072 1769789 (021) 761 3287 FINANCIAL ABSA Customer Debt Repair Line 0861 005 901 Credit Ombudsman 0861 662837 Experian 011 799-3400 debtcounsel@experian.co.za
ECTORY Eric Streso Financial Planner B Juris LL B CFP MBA Tel: 0833273358 Fax: 086 612 7912 Fair Debt 0829019788 or 012-3772558 ray@fairdebt.co.za PACFIN Financial Solutions Head Office Tel: +27 11 9757445 Fax: 0865368783 36 Van Riebeeck road Kempton Park 1619 pieter@pacfin.co.za Monte Carlo Building No 8 Voortrekkerstreet Kempton Park 1619
Gooseberry Business Advisory Tel: 012 644 0589 Nedbank Debt Rehabilitation & Recoveries Services 0860 109 279 STD Bank Debt review Helpline Telephone: 0861 111 402 TransUnion 0861 482 482
WIZARD Vereeniging Making Mortgage Magic Wanine Smit Tel:+27 16 454 1132 Fax:+27 86 686 3678 Cell:+27 82 445 3967 www.wizard.za.com
Nelspruit Contact: Ann Baker Tel: +27 13 7415559 Fax: 0880 1374 15559 Cell: +27 82 9024236 jeleroux@telkomsa.net Springs Contact: Wynand Mclachlan Tel: +27 11 8113728 Fax: +27 11 8113728 Cell: +27 83 2754014/5 wynmc@telkomsa.net
Eric Streso Financial Planner B Juris LL B CFP MBA Tel: 0833273358 Fax: 086 612 7912
FINANCIAL PLANNING
Karen van Staden Tel: 012 998 9117 / 012 993 2132 Fax: 086 721 6467 / 086 662 1153 IsEmail: it time karen@hauptearle.co.za to expand your Debt Counselling office@hauptearle.co.za practice? www.hauptearle.co.za Do you need specialist Attorneys with a national footprint?
LUCID Attorneys
Thinkmoney Financial comparison website Contact: Gareth Mountain Tel: 079 0996 798 www.thinkmoney.co.za
Kempton Park Contact: Reyno Coetzee Tel: +27 11 3945363 Fax: 0866048002 Cell: +27 73 3690884 kemptonpark@pacfin.co.za Boksburg / Germiston Contact: Armand Posthumus Tel: +27 11 8921911 Fax: 0865620378
LEGAL
Do you need expert Tel: 011 880 1100advice on how to protect your practice and your clients?
Fax: 011 880 1101
Are you informed about recent statutory and Email: info@lucidsa.com legal developments within the industry? www.lucidliving.co.za/attorney
Attorneys servicing individual needs Pretoria: +27(0)12 998 9117
www.hauptearle.co.za
Nelspruit: +27 (0)13 752 708
O’Connell & Associates Attorneys at Law Keegan O’Connell k.oconnell@oalaw.co.za Tel 021 462 1663 Fax 0866 504 550 303 Millborough, 70A Upper Mill Street, Vreedehoek, Cape Town, 8000 Prinsloo & Associates Attorneys and conveyancers Nanika Prinsloo Farm Bergamot, Paarl 7620 P O Box 6199, Paarl 7620 14 Laing Street, Barrydale 6750 Cell: 072-8558-106 Fax: 086-623-5986 nanika@vodamail.co.za www.empowerlaw.co.za
DIRECTORY RM Brown and Associates 601 Pier House, 13 -17 Heerengracht, Cape Town Tel: 021 431 9127, f: 021 425 0875 Email: oliver@rmbrown.co.za Scheepers Attorneys Gerhard Scheepers schlaw@iburst.co.za
CREDIT BUREAUS Compuscan 0861 514 131 www.compuscan.co.za Computer Profile Bureau 0861 28 7328 www.c-p-b.co.za
Dont miss out on a single issue!
Experian www.experian.co.za Business- 0861 63 60 70 Consumer- 0861 10 5665 Micro Lenders Credit Bureau 0861 28 7328 www.mlcb.co.za
Steyn Coetzee Attorneys / Prokureurs Adri de Bruyn 11 Market Street / Markstraat 11, Paarl, 7646 Tel: 021 872 1968 Fax: 021 872 2678 adri@steyncoetzee.Co.Za
TransUnion 0861 886 466 www.transunion.co.za XDS 0860 937 000 www.xds.co.za
Agiliti CC Colleen Van Wyk(BCom, LLB) Tel: 083 290 0848 Tel: 011 740 7374 Fax: 086 716 9694 Website: http://agiliti.co.za
If you want to subscribe, advertise or be listed in our directory please contact us! magazine@ debtfreedigi.co.za