APRIL 2015 VISIT IDA WEBSITE | MEMBER LOGIN | SEND TO A FRIEND | SUBSCRIBE | UNSUBSCRIBE | CONTACT US Dear Member, Credit Act offers better protection It is a startling fact that almost half of South Africa’s credit-active consumers are in arrears of their monthly repayments by three months or more. That is why the National Credit Amendment Act is aimed at eradicating reckless lending and thereby offering the consumer better protection. Credit providers now also have to comply with a number of criteria. Please see the link in the first article for more information. In this issue, we also bring you an update on the FAIS AMENDMENT ACT Section 13(1)(c) and SuperSpark tells us why it is imperative to dealer stock your vehicles. All the best until next time, Pieter Wessels CEO IDA Group of Companies Credit providers must properly test affordability This is the headline of an article that appears on the Personal Finance website about the National Credit Amendment Act. Click here for more information that may also pertain to your business.   Update on the FAIS AMENDMENT ACT Section 13(1)(c) We bring you an important update on the FAIS AMENDMENT ACT Section 13(1)(c). Read more... SuperSpark to the rescue Concerned Compliance Officer (CCO) from Coligny wrote to SuperSpark to raise his concern about the Regstrack system and the dealer stock of vehicles. Read more... MIBCO Update A number of MIBCO sessions were held recently and more are scheduled. Read more... Moffett on Main Pre Owned and IDA team up for a good cause The team at Moffett on Main Pre Owned and the IDA held an All Day Tournament fundraiser in aid of the Imfundo Educare facility. Read more... IDA Care Foundation and SMG South Coast provide for the needy The IDA Care Foundation and SMG South Coast recently joined forces to distribute food and produce at the Creche and Food Kitchen in the Masinenge informal settlement. Read more... Congratulations Suzuki Paarl Robbie Starke and the management of the IDA would like to congratulate Ivan Lintnaar with the opening of the Suzuki franchise in Paarl. May you have many successful sales. The lighter side of travel Click here to view... Heads-Up is a monthly electronic newsletter for members of the IDA. If, for any reason, you no longer wish to receive this communique, kindly unsubscribe here. Editorial co-ordination by The Hothouse Communications, 011 678 3545.