National Debt Mediation Association CEO, Magauta Mphahlele, explores the debt industry

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.

This book takes a glance at my journey and it’s designed to be a guide of sorts for those that are entering this industry. Although many of the topics and ideas are specific to the representatives that are on the floor, I believe that any new employee of this industry can benefit from the guidance.