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We do not fear the future  -  We are the future!

ADRA

Welcome to ADRA

The home and voice of the professional debt collection industry

ADRA was established in 1988 and has grown to become the undoubted home and voice of the professional debt collection industry in South Africa.


As a non-profit company duly incorporated in terms of Section 21 of the Companies Act, ADRA is the industry representative of the vast majority of the formal debt collection industry. ADRA represents the interest of entities practising debt collection. Its membership consists of in excess of 220 professional debt collection entities including entities registered in terms of the Debt Collectors Act, law firms registered in terms of the Attorneys Act specialising in debt collection and large credit providers with internal debt recovery divisions and/or a vested interest in the debt collection industry, including JSE listed entities.


ADRA establishes and maintains the positive reputation of the debt recovery industry and its membership in particular through education, advocacy, services and the enforcement of standard beyond the entry level minimum standards dictated by law.


ADRA seeks to promote the debt recovery industry as a responsible and significant participant in the credit life cycle, acting in the interests of both credit providers and debtors. ADRA's body of members jointly employs in excess of 20 000 individuals. During the previous financial year our joint activities result in an estimated annual national debt reduction on behalf of the private and public sector in the amount of R23.57BN.


As recognised representative of the professional debt collection industry, ADRA maintains prominent representation on the Board of Directors of the statutory industry regulator, the Council for Debt Collectors and various other bodies in which ADRA has taken the lead in protecting the industry's interest in legislative amendments and judicial proceedings.


ADRA is managed by a National Board of ten directors elected on an annual basis by its body of members. ADRA is managed in strict compliance with its Constitution, The King III Report on Corporate Governance, its value system and its Public Commitment to stakeholders.


Welcome to ADRA

The home and voice of the professional debt collection industry

ADRA was established in 1988 and has grown to become the undoubted home and voice of the professional debt collection industry in South Africa.


As a non-profit company duly incorporated in terms of Section 21 of the Companies Act, ADRA is the industry representative of the vast majority of the formal debt collection industry. ADRA represents the interest of entities practising debt collection. Its membership consists of in excess of 220 professional debt collection entities including entities registered in terms of the Debt Collectors Act, law firms registered in terms of the Attorneys Act specialising in debt collection and large credit providers with internal debt recovery divisions and/or a vested interest in the debt collection industry, including JSE listed entities.


ADRA establishes and maintains the positive reputation of the debt recovery industry and its membership in particular through education, advocacy, services and the enforcement of standard beyond the entry level minimum standards dictated by law.


ADRA seeks to promote the debt recovery industry as a responsible and significant participant in the credit life cycle, acting in the interests of both credit providers and debtors. ADRA's body of members jointly employs in excess of 20 000 individuals. During the previous financial year our joint activities result in an estimated annual national debt reduction on behalf of the private and public sector in the amount of R23.57BN.


As recognised representative of the professional debt collection industry, ADRA maintains prominent representation on the Board of Directors of the statutory industry regulator, the Council for Debt Collectors and various other bodies in which ADRA has taken the lead in protecting the industry's interest in legislative amendments and judicial proceedings.


ADRA is managed by a National Board of ten directors elected on an annual basis by its body of members. ADRA is managed in strict compliance with its Constitution, The King III Report on Corporate Governance, its value system and its Public Commitment to stakeholders.


stellenbosch legal aid clinic vs minister of justice and 18 others

Representing the industry - Keeping the industry updated

In ensuring that the credit industry's interests in the above stated matter is represented, ADRA joined the application as Respondent. A number of legal principles, legal surety and the sustainability of debt enforcement is at stake.  A detailed summary of the legal arguments raised in the court-a-quo as well as the Constitutional Court appeal file is available to members in the "Members Area" of this website.


The appeal is set to be heard on 3 March 2016 and members will be kept updated on proceedings.


The law library is updated with most recent relevant case law and academic paper, legal opinions and articles.

Members area updates

Whats new?

Members are invited to the "Members Area". Recent updates includes:

 

  • Human Rights Commission's Heads of Argument in the Constitutional Court Appeal
  • The Debt Collectors Amendment Bill
  • Amended Annexure B Tariff 

Consumer Financial Vulnerability Index

Q4 - 2013

"The impact of seasonability"

BY Administrator

South African consumers were more financially vulnerable in 2013 compared to 2012 - in fact, MBD's Consumer Vulnerability Index (CFVI) shows that consumer financial vulnerability was at its lowest in 2013 since the economic recession in 2009. The CFVI for the fourth quarter (Q4 2013) improved somewhat, indicating that consumers perceived their cash flow to be under less strain compared to the previous quarter.

 

Consumer Financial Vulnerability Index (CFVI) was launched in Q2 2009.

  • Comprehensive consumer cash flow indicator.
  • Gauges the individual components of consumer finances separately and in one composite index.
  • Correlates well with macro-economic variables such as GDP.

Download the complete index with infographics here in pdf format

 

Source:  MBD Credit Solutions in collaboration with Prof Bernadene de Clercq - Bureau of Market Research: UNISA  

 April 08, 2014
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