New regulation requires money lenders to register with National Credit Regulator

Credit lenders have to be registered with the National Credit Regulator (NCR) as a credit provider under new regulations.

The regulations came into effect last Friday, with creditors being encouraged to apply urgently to avoid operating outside of legislation.

Any person whose business is to lend money will be required to register.

Lesiba Mashaba, National Credit Regulator

In an interview with 702's John Robbie, Lesiba Mashaba from the NCR said these are part of efforts to reign in unregulated lenders whose details remain murky.

We need to bring them into the regulatory net and make sure that they fully comply with legislation and to know where they operate from for inspections.

Lesiba Mashaba, National Credit Regulator

Listen to the interview below:

Read More
Major medical breakthrough: New gene pegged as cause of heart attacks in youth

Major medical breakthrough: New gene pegged as cause of heart attacks in youth

This is being called the biggest medical advancement in South African cardiology since Dr Chris Barnard's first heart transplant.

Parents urged to check tertiary institutions are legit before registering kids

Parents urged to check tertiary institutions are legit before registering kids

The Council on Higher Education says parents need to be wary of the increasing number of fly-by-night tertiary institutions.

New app to detect hearing loss

New app to detect hearing loss

University of Pretoria has developed a new app which uses a smartphone to detect hearing loss.

Consumer debt first aid: Understanding unsecured loans

Consumer debt first aid: Understanding unsecured loans

Reana Steyn, the Deputy Credit Ombud answers questions and gives advice on all your difficult debt questions

How the new National Credit Act may help protect you from fraudulent lenders

How the new National Credit Act may help protect you from fraudulent lenders

Nthopeng Mokgolego explains why all South African credit providers are required to register under the National Credit Act.

Money Matters: More South Africans getting debt counselling

Money Matters: More South Africans getting debt counselling

More South Africans are falling into severe debt and are seeking debt counselling. Magauta Mphahlele, National Debt Mediation Association CEO, spoke to #NightTalk's Gugs and Sizwe about this.

Popular articles
Sassa cards will be functional beyond expiry date

Sassa cards will be functional beyond expiry date

Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.

Soulful Sundays Playlist: Sunday 11 June 2017

Soulful Sundays Playlist: Sunday 11 June 2017

Favourites to feed your soul on Sunday.

Mashaba moves to insource security guards come Jan 2018

Mashaba moves to insource security guards come Jan 2018

Mashaba is also on a mission to identify owners of buildings in the city centre that he says are harbouring criminals.

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?