The Debt Counselling Industry has called on government to launch a high level investigation into the National Credit Regulator to find out why it was not doing its job properly. DCI said the NCR should be probed for not properly investigating African Bank. Meanwhile, share trading of the troubled bank on the JSE was suspended Monday morning.
Shareholders requested the suspension after the Reserve Bank had placed the lender under curatorship over the weekend. Reserve Bank governor Gill Marcus announced that African Bank had been placed under curatorship. A consortium involving major banks had committed to underwrite a R10 billion capital raising exercise, and would engage with shareholders and
other participants.

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Brian is over $40,000 in car debt and he co-signed on two other car loans for his brothers. He asks Dave if he should use his savings to start paying the loans.

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debbie Gillis talks about how United Way funding has helped K3C Credit Counselling.

NDMA Acting Case Mediation Manager Santie Schindehutte offers consumers help when debt review fails them