Debt review is a process you can apply for to a debt counsellor if you have too much debt and are struggling to repay your debt. If your application for debt review is accepted, a debt counsellor will negotiate a payment plan with your creditors. This means that you can pay less each month, but for a longer time. Debt counsellors may also negotiate lower interest rates for your debt. The lower payments mean you can pay off your debt and still pay your monthly living expenses such as food and transport. Debt review can really help you if you are in too much debt. At the end of the process, not only will you have paid your debts, you will also have a clear credit record. Debt review is subject to certain rules and regulations. These are set out in the National Credit Act. We’ve simplified these into 10 important points, so that you know what your rights and responsibilities are if you are under debt review. 1. Check that your debt counsellor is registered with the National Credit Regulator. Ask them for their registration certificate or check the Regulator’s website. 2. Tell the debt counsellor all the details of your debt including how much it is, how much you have repaid and what the interest rate is. Send your statements to your debt counsellor. 3. Tell the debt counsellor details of your income and expenses. The purpose of debt review is to give you an affordable debt repayment plan. So, your debt counsellor needs to know how much you need to live on and how much you can afford to repay your debts each month. 4. Your debt counsellor will review your application, assess your debt and apply for approval for debt review from the Magistrate’s court. If your application is rejected, you can ask to see the reasons why it was rejected. 5. Make sure you know and understand your payment plan – how much you must pay, when and for how long. Your debt counsellor will draw this up and must explain it to you. Ask if there is anything you don’t understand or need a . . .
We have been experiencing one of the longest bear markets the cryptocurrency space has seen, longer than what we witnessed in 2013. As the markets have caused a great deal of uncertainty as a result, many investors have unfortunately caused a major panic in the ecosystem. As expected though, there seems to be indicators that the next bull run is beginning with the recent price hike of Bitcoin. From its all time high’s in December 2017 of $ 20 000, to it’s low point of $ 3300 early 2019, Bitcoin is seemingly making a comeback as it surges past the $6 500 mark as of 12 May 2019. Richard de Sousa, Partner at one of the largest and oldest cryptocurrency exchanges in the country, AltCoinTrader says, “Recently we have seen the Bitcoin price increase for seemingly no apparent reason. What we have however seen for the past 5 years, is that thousands of people have adopted Bitcoin and have been dedicating time to the growth and expansion of the network, building platforms and silently working behind the scenes. The technology is constantly being enhanced and as a result we have seen the price increase in the last three months because all of the foundations are in place.” As with any new technology, it needs time to mature. As millions of technology experts throughout the world are working on projects in this space, it is inevitable that the price will start to increase as more and more people dedicate and work on the fundamentals of Bitcoin. De Sousa says, “Recent reporting of general media on the cryptocurrency topic has been driven by hype and sensationalism, it doesn’t give a true reflection of the work that experts are putting in behind the scene on the technology.” Technologies like this take between 10 – 20 years before they see major adoption and as Bitcoin is currently in its 10th year of existence it seems to be on track as expected and the growth is very healthy and sustainable. There is an expectation of the price continuing to rise in the future, with . . .
Businesses operating in the 21st century have an immense amount of pressure to be dynamic, relevant and constantly find ways of growing. One of the most common tools used by organisations to gain leverage over their competitors and exceed the aggressive demands of the market is to employ outsourcing, says Director of Malander Group, Lyle Malander. “Outsourcing as a tool is not new. It has been around for thousands of years. But it is only recently that companies are beginning to understand the power of having external expert knowledge and reviews to positively grow their businesses. Outsourcing is a process in which an external consultant or another business is employed to take care of certain tasks and processes, instead of hiring additional employees and assigning tasks to other staff. Simply put, it is outside resourcing,” Malander explains. He says outsourcing has various benefits for businesses, which include cost savings, quality and efficiency improvements, as well as increased customer satisfaction. Importantly, outsourcing of non-core businesses mitigates elements of risk, while freeing up time and resources for a company, allowing it to focus on its core functions like production, sales and business expansion. These are critical success factors that aid the growth and profitability of any business. “Outsourcing a department or function allows you to gain access to a larger pool of resources and expertise, as they ensure the smooth running of that function. Your organisation also gains a competitive edge in the market. Through strategic outsourcing to an outsourcing partner, such as the Malander Group, you can expect the best financial, digital and talent acquisition services. This opens up your business to higher productivity and allows you to manage your in-house resources judiciously, whilst decreasing the management burden,” says Malander. However, outsourcing of services also comes with certain cons, Malander says. When a company . . .
Steward Bank in Zimbabwe is the latest in a series of major banks across Africa to successfully integrate and offer chat banking services on WhatsApp. Clickatell is an authorized global WhatsApp Business solution provider headquartered in the US. Its chat banking customers include ABSA, UBA, GT Bank, and First Bank of Nigeria. WhatsApp is a popular chat application in Zimbabwe, and Steward Bank’s presence on WhatsApp unlocks financial inclusion for millions of people who are already using WhatsApp. The advantages to the Steward bank customer using WhatsApp include convenience, speed, and efficiency for frequently used banking activities. Steward Bank is primed to see a positive uptake for their WhatsApp-based chat banking service, Sosholoza. Through Sosholoza, Steward Bank customers can enjoy customer service via WhatsApp. The bank intends to expand its reach to WhatsApp users in the country, eliminating the need for these users to download and use a banking app that could use costly data bundles. With Sosholoza, customers can initiate frequently used banking capabilities including balance checks, money transfers, and airtime purchases. “Just over 37,000 customer profiles were registered in the first three weeks following the launch,” says Dr Lance Mambondiani, CEO at Steward Bank. “The simplicity of on-boarding and transaction initiation have been key contributors to these numbers.” Getting started with the Sosholoza service is as simple as initiating a chat with a friend on WhatsApp, with users simply needing to save the Steward Bank WhatsApp number and begin the conversation with a “Hi” message. Security and privacy for banking chats are ensured by the bank grade Clickatell platforms. The benefits for financial establishments like Steward Bank are clear, as Dr Mambondiani explains: “Sosholoza on WhatsApp has expanded Steward Bank's services to non-Steward Bank customers regardless of geographical location, bank affiliation, and even mobile money . . .
If you are dealing with debt collection, credit management, customer engagement, call centres and loan origination - make a point of registering for the upcoming Annual Debt Collection 2019 Conference. Click here to download the conference brochure http://www.tci-sa.co.za/debt-collection-2019/ The conference, taking place on 22 & 23 May 2019 at the Indaba Hotel, Fourways, Johannesburg, will explore the impact of the both the internal and external environment impacting on successful debt collection practices. The scope of this years’ conference’s programme will have a focus on technology, customer engagement and debt collection strategies as well as updated information on the legal framework and governance. The programme will feature 2 panel discussions and 18 discussion points. Apart from debt and credit professionals from all over the South Africa sharing their know-how, experiences and insights with high powered delegates, attending will also create an excellent opportunity for networking. Personnel from banks, financial institutions, and debt collection agencies, call centres, micro-lenders, credit bureaus and attorneys will be attending this event. Receive brochure here Last year the conferences was attended by nearly 130 attendees from organisations such as ADRA, PASA, African Bank, Altech Nupay, GetBucks Botswana, Barclays Bank Botswana, MFSA, Pres Les, Choma Mathiba Collections, Department of Labour: Compensation fund, Christian Art Distributors, First National Bank, African Bank, Principa, Uni-Collect, ZETZ Automation, Wesbank, MFC, ABSA, Easy Debit Payment Solutions and many more. This event aims to equip attendees with the correct knowledge and updated strategies about debt collection, including information about legal implications, risk assessment methods and consumer credit management. CLICK HERE to submit your press release to MyPR.co.za. . . .
Top class data technology events tailor-made for financial professionals With the newest entrants into the economy (being Generation Z) raised with the internet at their fingertips, and all sorts of technology in the palms of their hands, this cohort of potential banking clients demand more from their financial services. Additionally to being deeply preoccupied with social justice, online shopping, and social media influences, they also expect technology they make use of to be responsive to their needs and wants, and think at least 2 steps ahead of them. What solutions are available for financial service providers in terms of revolutionising and capitalising on technology for all their banking clients? Trade Conferences International has assembled industry experts in AI technology and progressive data analysis in order to equip financial professionals with the stratagems and insights centred around data integration, innovations in technology, compliance and regulation, and so much more by attending the upcoming AI in Financial Services 2019 and the Evolution of Data Analytics in Banking 2019 Conferences. Date: 29 & 30 May 2019 Venue: Indaba Hotel, Fourways, Johannesburg Topics to be addressed at the AI in Financial Services Conference 2019: • Intelligent Computer Vision - Financial Applications with AI • Smart Eco-Systems of the Future (Eco-X) • Achieving a single view of a customer using artificial intelligence • Improving customer experience by using AI • Implementing AI, machine learning and RPA in the banking environment • Solving business problems using machine learning and AI Some of the AI in Financial Services Conference 2019 address the event: • Adrian van der Merwe, CEO, North Wind Digital • Ritesh Kanjee, CEO & Founder, Augmented Startups • Paul Morgan, Business Unit Lead – Data, Planning & Analytics, Altron Karabina • Daren Mudaly, Chief Designer, Architect & Process Engineer and Co-Founder, Pepper . . .
Why you must attend the Annual Debt Collection Conference 2019? Do you know what are the current challenges and opportunities facing the debt collection industry? And are you aware of the latest developments and how to negotiate credit risk, governance and compliance, data analytics, technology, customer engagement and a host of other issues impacting on the industry? If you want to learn more, know more and be part of a better and more successful debt collection environment, then attending the Annual Debt Collection Conference 2019 is a must this year. The event taking place on 22 & 23 May 219 at the Indaba Hotel, Fourways, Johannesburg will provide an ideal educational and social platform for professionals from financial institutions, debt collection agencies, call centres, micro-lending, credit bureaus and service providers to explore the current debt collection environment to attending delegates. 5 EXCELLENT REASONS WHY YOU MUST ATTEND THE DEBT COLLECTION SOUTH AFRICA CONFERENCE: 1. TRUSTED ORGANISERS – Trade Conferences International hosted 11 debt collection conferences in the past 16 years! TCI with a focus on the banking industry, has brought to life cornerstone events on micro finance, payments, mobile banking, call centres, cloud computing, data analytics, credit, loan origination, customer engagement. 2. INNNOVATIVE AND UP TO DATE TOPICS – Topics will cover the current landscape and outside issues effecting the industry such as FinTech, technology and automation, the rise of digital, data analytics and segmentation, customer engagement and KYC, and debt collection & credit risk management. 3. EXCELLENT SPEAKERS - With more than 30 industry specialists on the speaker panel, TCI left no stone unturned to make sure that who you see and experience on stage are the best of the best. 4. POSITION YOURSELF AS AN EXPERT - If you are active in your industry, you can develop a reputation as an expert to your peers and your clients. Those . . .
Singapore, April 09, 2019 -- Since launching its new and improved engine and platform, Singapore's COSS Exchange has seen its daily trading volume increase by almost threefold. With its overhaul out of the way, COSS has now shifted its focus to the COSS Fee Token, CFT for short. Not unlike the BNB (Binance Coin), the CFT is a trading token exclusive to the COSS.IO platform, arguably a more tangible use case than most cryptocurrencies in the current markets. Traders can get a 25% discount off trading fees when using CFT as an alternative to paying in the native tokens of the trading pairs. This will come as good news to market makers, institutional accounts and frequent traders of the platform. Other use cases of CFT such as ICO participation, community voting and others will be added on in the future. To sweeten the deal, CFT used as fees will also be included in the FSA (Fee Split Allocation), a popular feature of the COSS platform, where 50% of total trading fees on the platform is distributed via smart contract to all COSS token holders, allowing them to passively accumulate value by simply holding COSS tokens. COSS also offers both dust conversion and FSA conversion (coming soon) to CFT. From a total supply of 240 million tokens, half of that number, 120 million, will be available for sale. The rest will be set aside for the COSS Affiliate Program, promos, airdrops, cross platform partnerships and a reserve pool for bonuses and burning. With Zeppelin's burn function built into the token smart contract to schedule periodic coin burns, the total CFT supply will be adjusted automatically. The burn is fixed at 1M CFT tokens every month until the maximum supply is halved. This transparent burn model ensures an increase in the value of CFT held by its users. To kick off the CFT token, COSS.IO is currently running a huge trading promo. Unlike previous promotions where trading was specified to a certain pair, this promo includes trading of all pairs . . .
Why attend the Debt Collection South Africa 2019 Conference This signature TCI event – which was attended by more than 500 attendees in the last ten years – will focus on covering all the major “want to know’s” from attendees. With an updated programme covering the state of debt collection industry in South Africa, technology, automation and the digital age; legal framework, governance and compliance, credit risk management and customer engagement, attending the Debt Collection South Africa 2019 Conference, is a must. Do not forget to mark 22 & 23 May 2019 of on your training calendar. 12 reasons why you cannot miss out attending the Debt Collection South Africa 2019 Conference: 1. Learn by absorbing knowledge from the cutting edge speaker panel as they take delegates through a conference programme with topics that will cover all the updates you need to understand and negotiate the present debt collection landscape in South Africa. 2. Network and make friends with fellow delegates - representative from debt collection companies, credit providers, banks, retail and call centres. 3. Get inspired by knowledge sharing that will make you think, think and think some more. In fact you will walk away being regarded as an expert in the field. 4. Catch up with new ways of doings things – from planning to organising to monitoring the debt collection function. 5. Catch up with the latest technology developments in the debt collection field.. 6. Get answers from our speaker panel on all the questions you may have. 7. Meet new vendors and suppliers to the debt collection arena. 8. With over 90% of last year’s delegates saying that It is an event worth attending, it is the best way to spend your training budget. 9. Your competitors are going to be there and surely you do not want them to think you are not part of this important industry gathering? – Southern Africa’s no. 1 commercial debt collection conference! 10. You will have fun with the organisers . . .
“I think you can have a ridiculously enormous and complex data set, but if you have the right tools and methodology then it’s not a problem.” – Aaron Koblin, Entrepreneur in data and digital technologies Personnel from financial services dealing with the following:big data * data engineering * data visualisation * data science * business analytics * data analytics * customer relationship management * business segmentation * customer retention * business intelligence The Evolution of Data Analytics in Banking Conference will focus on bringing the main role players together to discuss innovative ways the existing banking sector workflows can use data analytics to survive and prevail in the rapidly evolving business environment of the digital millennium. Reserve your seat today to pick up a thing or two from the banking and financial services industry leaders presenting on the speaker panel on how to make your data work for you. Send me a registration form, I want to attend The Evolution of Data Analytics in Banking Conference 2019 organised by TCI will take place on the 05 & 06 June 2019 at the Indaba Hotel in Fourways, Johannesburg. Meet our expert speaker panel • Yudhvir Seethram, Head of Analytics, insights and research,FNB • Shukri Cornelius, CEO, WithNova Analytics • Antionette Van Zyl, Senior Solutions Manger:Data Management, SAS • Ilse Kaya Business development, The Digital Databank • Arthur Britz , CEO|Big Data Executive, EOH Company • Ruschka Raidoo, Chief Executive, Raise the Bar Analytics • Jaco van Jaarsveldt , Senior Business Consultant, ScoreSharp • Zakes Socikwa, Cloud Big Data and Analytics Executive, Oracle • Melanie Hart, Partner, Fasken • George Damianov, Head: Data Science and Advanced Analytics, Standard Bank • Neil Lightfoot, Partner in Applied Behavioural Economics, Genesis Analytics • Samantha Rosenberg, Senior Associate in Applied Behavioural Economics, Genesis Analytics • Yolandi Miller, Strategic Data . . .