The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Indebted to the Credit Ombud

Michael Lawrence - Credit Ombud Council, Manie van Schalkwyk - outgoing Ombudsman, Nicky Lala Mohan - incoming Ombudsman, Graeme D. Gilfillan - Nisa Global Entertainment at the ten year celebration
 Michael Lawrence - Credit Ombud Council, Manie van Schalkwyk - outgoing Ombudsman, Nicky Lala Mohan - incoming Ombudsman and Graeme D. Gilfillan - Nisa Global Entertainment at the ten year celebration

Investor confidence in South Africa should receive a boost from the message presented at the 10 year celebration of the establishment of the Credit Ombud of South Africa.

DSC_0554
DSC_0559
DSC_0562
DSC_0566
DSC_0579
DSC_0584
DSC_0596
DSC_0600
DSC_0604
DSC_0613
DSC_0616
DSC_0627
DSC_0646
DSC_0651
DSC_0658
DSC_0664
DSC_0670
DSC_0703
DSC_0728
DSC_0741
DSC_0754
DSC_0765
DSC_0768
01/23 
start stop bwd fwd

Managing debt well is a fundamental practice of any economy and if that can be achieved at the micro level directly reaching the consumer, then what impact would consumer behaviour have at the macro level?

Manie van Schalkwyk, the outgoing Ombudsman, referred to the annual report in his remarks. He expressed the joys and frustrations of setting up and operationalizing such an office in a South Africa where no such office existed before.

As he pointed out the figures and chartered the course of the Ombud’s work over the past 10 years, the significance of this office became abundantly clear.

The unresolved credit crisis currently enveloping Europe and the USA has also had consequences on other economies around the globe including South Africa.

The National Credit Act (2005), which saw the establishment of the National Credit Regulator, together with the work of the office of the Credit Ombud,were instrumental in minimizing the impact, especially for financially distressed consumers.

Money is considered an emotive and personal matter in a society today that is much influenced by material status. Dealing with a person’s finances in a manner that does not judge ability or character but provides a resolution to both the consumer and the provider is why Nicky Lala Mohan has been named as the next Credit Ombudsman of South Africa.

Lala-Mohan brings with him a wealth of experience, having worked in the banking and  credit industry for more than two decades. He previously served as Chair of the Ombud’s Council, not only is he familiar with the workings of the office but his passion for credit and consumer law will enable him to continue the good work of the office.

The ongoing challenge of keeping the consumer and the credit provider informed and updated with information and news will be one of the areas of focus for the new Ombudsman.

It is, after all, the consumer that is the driver of the economy and their informed and educated interaction with business that leads to a healthy economy.

- K Bhana

 


 
 
 
 

_________________________________________________

February 2017 Edition

 border = 0
_________________________________________________

Translater


 
 
Slide-0
Slide-1
Slide-2
Slide-3
Slide-4
Slide-5
Slide-6
Slide-7
Slide-8
Slide-9
Slide-10
Slide-12
Slide-13
Slide-14
01/14 
start stop bwd fwd
 
 

Collaboration between Kazakhstan and NLSA On February 8th, 2017 H.E. Mr. Talgat Kaliyev, Ambassador of Kazakhstan to South Africa met with Professor Rocky MD Relebipi-Simela, CEO of the National... <|> Honorary Professorship awarded to Ambassador Anil Sooklal 14 February 2017 Ambassador Anil Sooklal, DIRCO’s Deputy Director General: Asia and Middle East, was awarded an honorary Professorship... <|> Celebration of Spanish language day On 29 November 2016, the Embassy of Spain commemorated the 400th anniversary of the death of Miguel de Cervantes and the day was celebrated with Spanish language... <|> King Silamba Commemoration on 4 March 2017 The King Silamba Annual Commemoration will be held on the 4 March 2017 at the Komjekejeke Heritage Site, Walmansthal, North-East of Pretoria. The event was... <|> Police Action for IDSA members 15 February 2017 Commander Chris Opperman, of the Tshwane Metro Police, and his team attended IDSA's January coffee meeting hosted by Champa Weerasekara, of Sri... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Kazakhstan is shifting to a new model of power distribution The President of Kazakhstan, Mr Nursultan Nazarbayev addressed the nation on 25 January 2017 regarding the issue of redistribution of... <|> Integrated urban development 12 February 2017 South Africa’s Cooperative Governance Deputy Minister Andries Nel has met with his counterpart, the Barbara Hendricks, Secretary of the German... <|> Senior Officials Meetings with Singapore and Thailand 15 February 2017 Professor Sooklal, Deputy Director-General Asia and the Middle East at the South African Department of International Relations... <|> Algeria to get a taste of SA culture 14 February 2017 Algerians will get an opportunity to sample South Africa’s artistic talent when the cultural seasons is launched in that country on 24... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.