National Credit Act, 2005 (Act No. 34 of 2005)

National Credit Regulations, 2006

Chapter 2 : Registration Requirements, Criteria and Procedures

Part C : Debt Counsellor

10. Further criteria for registration as a debt counsellor

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A person who applies for registration as a debt counsellor must meet the following further requirements—

(a)Education:
(i)a Grade 12 certificate or equivalent Level 4 qualification issued by the South African Qualifications Authority; and
(ii)successful completion of a debt counselling course approved by the National Credit Regulator and provided by an institution approved by the National Credit Regulator.
(b)Experience and Competence:
(i)a minimum of two years working experience in any of the following fields—
(aa)consumer protection, complaints resolution or consumer advisory service;
(bb)legal or para-legal services;
(cc)accounting or financial services;
(dd)education or training of individuals;
(ee)counselling of individuals; or
(ff)general business environment.
(ii)demonstrated ability to:
(aa)manage his/her own finances at the time of applying for registration; and
(bb)provide counselling or transfer skills.