The National Credit Regulator (NCR) is the official body that regulates the credit industry in South Africa. It was established under the National Credit Act 34 of 2005 and exists to protect consumers, promote fairness and transparency in credit markets, and enforce compliance with the credit laws.
The national credit regulator works to ensure that credit is provided responsibly and that consumers are treated fairly when borrowing money. It also plays a vital role in maintaining a stable and accessible credit environment across South Africa.
The national credit regulator is important because it:
Protects consumers from unfair or reckless lending practices
Oversees the registration of credit industry players, including credit providers, credit bureaus, debt counsellors and payment distribution agencies
Investigates complaints and enforces compliance with credit laws
Educates the public about credit rights and responsibilities
Promotes a fair, transparent and accessible credit market for all South Africans
These functions help ensure that people entering into credit agreements understand their rights and are treated responsibly by lenders.
The national credit regulator carries out several vital functions to safeguard consumers and maintain a healthy credit environment:
The NCR registers and licences:
Credit providers
Credit bureaus
Debt counsellors
Payment distribution agencies
Alternative dispute resolution agents
This means that only regulated and trustworthy entities are allowed to operate in South Africa’s credit market.
One of the most important responsibilities of the national credit regulator is to protect consumers by:
Preventing reckless lending
Ensuring credit agreements are fair and transparent
Educating consumers about their rights and obligations under the National Credit Act
The regulator runs public education campaigns and resources that help South Africans make more informed financial decisions. National Government of South Africa+1
If consumers believe a credit provider or debt counsellor has violated the law, they can lodge a complaint with the national credit regulator. The NCR investigates these complaints and enforces compliance where needed.
The national credit regulator conducts research into credit market trends and the impact of credit on consumers. It may also advise government on policy adjustments and new regulations to keep the credit system effective and fair.
The national credit regulator provides resources that help consumers:
Understand how credit agreements work
Recognise unfair terms
Know what to do if they are over‑indebted or in financial difficulty
This focus on education helps people avoid harmful credit situations and make better financial choices.
If you feel a credit provider or debt counsellor has treated you unfairly, the national credit regulator allows you to file a formal complaint. The NCR will assess the issue and intervene where necessary.
By monitoring the behaviour of credit providers and related industry participants, the national credit regulator reduces the risk of illegal practices and ensures fair treatment for all consumers.
You can reach the national credit regulator using the following contact methods:
Telephone: 0860 627 627 / 011 554 2700
Email: info@ncr.org.za
Physical address: 127 15th Road, Randjespark, Midrand, Johannesburg, South Africa
Website: www.ncr.org.za
For complaints specifically, the NCR provides a dedicated channel for consumers to lodge grievances directly with the regulator.
If you have any grievances regarding a credit provider or debt counsellor, you can file an NCR complaint. Here’s how:
Make sure to provide as much detail as possible to ensure a fast resolution process.
If you’re unsure whether a debt counsellor or credit provider is registered, you can perform an NCR registration check on their official website. This ensures you’re dealing with legitimate professionals who comply with South African regulations.
Meerkat has registered Debt Counsellors.
David O'Brien, Founder & CEO of Meerkat's NCR number is NCRDC 2613.
In addition to the NCR, several credit bureaux operate within South Africa. These bureaux collect and maintain consumer credit information, which can affect your ability to secure loans.
You are entitled to one free credit report from each credit bureau every year.
For inquiries, here are some credit bureau South Africa contact details:
If you want to remove your name from the NCR or get debt review removal, you can contact Meerkat.
If you’ve paid up all your debts and you've successfully completed the debt review process, you can get a clearance certificate from your debt counsellor at Meerkat, which indicates that you have fulfilled your obligations. This certificate is essential to get the debt review flag removed from your credit report.
Meerkat can help you get this flag removed quickly if you've paid up all your debt.
The national credit regulator enforces the National Credit Act by registering and monitoring key credit industry players, protecting consumers, handling complaints and promoting responsible lending and borrowing.
Yes. The national credit regulator is a statutory body created by legislation to regulate the credit industry and report to the government on consumer credit issues.
Yes. You can submit a complaint to the national credit regulator, which will investigate and take action if there has been a breach of the National Credit Act.