Short Courses

The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. It is designed to achieve a number of objectives, most of which are to benefit and protect the consumer. The aim is to introduce a single, functional system of regulation that will apply to all credit activities, thereby ensuring that all credit providers and credit consumers are treated equally.

FICA is a crucial piece of legislation in South Africa. Its primary purpose is to combat financial crimes, including money laundering, fraud, tax evasion, terrorist financing activities, and identity theft. To be FICA compliant in South Africa, both organizations and individuals need to adhere to specific requirements and obligations.

The Protection of Personal Information Act (PoPIA) is South Africa’s data protection law. The purpose of the legislation is to ensure all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity’s personal information, by holding them accountable should they abuse or compromise personal information in any way.

An entrepreneur is someone who creates new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying business opportunities and assembling the necessary resources, structures and procedures to capitalize on those opportunities.