ESTABLISHMENT OF THE COUNCIL FOR DEBT COLLECTORS

One of the professions that has, up to now, not been regulated is that of debt collector. As a result of the debt collectors themselves requesting to be regulated and the Department of Justice frequently receiving complaints from the public, the Debt Collectors Act was adopted by Parliament.

The Act provides for the exercise of control over the occupation of debt collectors and legalizes the recovery of fees or remuneration by registered debt collectors. The overall goal with the Act is to transform the debt collection system in South Africa by monitoring the conduct and professionalism of debt collectors and promoting a culture of good governance within the profession, thus contributing to protecting the public at large, as well as creditors. The Council for Debt Collectors will exercise control over the occupation of debt collectors.

IMPORTANT NOTICE

Consolidated and annotated versions the Debt Collectors Act 1998,  the Regulations  and the Code of Conduct are contained in the Webpage in English. 

The information on the home page has been updated on 30 November 2009