Are you dealing with collections, recoveries, rehabilitation, information and data, affordability and cost of credit, EAO's / garnishee orders, legislation, regulations, payment systems, fraud and security? Then attending the 2nd Annual Credit & Debt Conference is for you. Informative topics will be addressed by industry experts. Full agenda available at www.aoevents.co.za

Regulatory data and credit market - tracking credit & debt data, data sources, regulatory changes, completeness of data. (Marina Short, Chief Executive Officer, Consumer Profile Bureau)  

National Credit Amendment Act: What’s in store for lenders and borrowers? - what does it mean for lenders and borrowers, advantages and disadvantages, impacts on reckless lending, impact on credit and lending advertising, benefits and setbacks in future. (Michael Shackleton, Senior Legal Executive, Credit Intel)  

Perscription of debt. (Peter Rafferty, Chief Executive Officer, FutureSoft)  

Issues around the use of EAO’s - EAO what's all the fuss about, latest developments/proposed amendments, what to look out for when enforcing/complying with an EAO, what can you do to assist? (Hannelie Gray, Advocate of the Johannesburg Bar, Bridge Group of Advocates)  

POPIA: How to integrate implementation into other legislative requirements - POPI baseline requirements, practical implementation guidelines, information security requirements integration with other legislation, international trends (Thav Reddy, Head: Compliance, MFC a division of Nedbank)  

Regulatory measures to enhance the safety and security of our payments - ensuring a sound legal & governance framework for the National Payment System, overview of some general measures to manage risk in the payment system – the 90/10 rule, item limits, KYC, Sanctions lists, specific measures – in cards, EFT, RTC and cheques. (Marie Smit, Compliance Manager, Payments Association of South Africa – PASA)  

Who needs an anti-fraud strategy? - What is fraud, ACFE 2014 global fraud study, cost of occupational fraud, how is it committed, detection, victim organisations, perpetrators, why do you need an anti-fraud specialist. (Leon Towsen, Executive Director, Censeo)  

Why attend? This is the perfect opportunity to learn from industry experts as they share their knowledge and expertise. You will be able to discuss current issue with speakers and attendees, take a look into the future of the industry and network with attendees and speakers and create new business leads.   

Some of the comments we received after the 2014 conference includes “Conference was well organised and the venue was great” (Gerhard  – Jansen & Jansen Attorneys), “Great conference, it was very informative” (Marc – Gugu’s Financial Services) “The conference was very informative and information shared was very usefull” (Greg – Nedbank) “Very well informed speakers presenting at the conference” (Lindokuhle – Rural Housing Loan Fund), “Conference was great and has widened my knowledge of the impact of prescription, NCA and EOA’s” (Merusha – Absa)  

Delegate registration fee: R1799.00 - Group booking of 3 or more qualify for a 15% discount.
Register now by downloading the registration form at www.aoevents.co.za.
Send the completed form to This email address is being protected from spambots. You need JavaScript enabled to view it.

[24 April 2014] Actis, the pan-emerging markets investor, has today announced that is has established Credit Services Holdings (CSH), a buy-and-build credit services business. CSH’s first investment will be acquiring 100% of Compuscan, the largest independent credit bureau in Africa. Actis will be investing in CSH alongside the Compuscan management team, who will continue to manage the Compuscan business. Actis plans to invest $100m into the platform. To assist in the build-out of the platform, Michael Jordaan, formerly CEO of South Africa’s First National Bank and a leading figure in the African financial services industry, has been appointed as Chairman of CSH. 

Founded by CEO Remo Lenisa, Compuscan is the fastest growing bureau in South Africa and one of the largest on the continent. Headquartered in Stellenbosch, with offices in Johannesburg and Kampala, it provides multiple credit data, decision analytics services and training, to over 3,500 clients including banks, telcos, retailers, microcredit institutions and insurers, across several countries including South Africa, Namibia, Botswana, Uganda and Ethiopia. The Data Analytics team in Compuscan operates under the Scoresharp brand and is led by Pieter Van Heerden.   

Actis has a proven track record of buy-and-build financial infrastructure investments. In 2010, it established Emerging Markets Payments Holdings (EMPH), which offers payment processing services across Africa and the Middle East. Today EMPH has the broadest footprint of any payments company in Africa, contracting with 130 banks and operates in 40 countries across the region. 

Commenting on the transaction, Jonathan Matthews, Director in Actis’s Johannesburg office, said: “Actis is backing an excellent and entrepreneurial management team led by CEO Remo Lenisa and we are delighted to attract Michael Jordaan to help build the brand and take it to the next stage of growth. Only 5% of adults in Africa are covered by credit bureaus compared with 64% in OECD countries, and many countries are still without the necessary bureau infrastructure. We are excited to be investing in Compuscan and making the first steps towards bridging that gap.”   

Ali Mazanderani Actis’s Africa Financial Services lead added: “There is huge potential in the emerging market credit services industry. We see this as the first in a series of investments in the space and the natural next step after EMPH and Paycorp, in building financial infrastructure in the region.  Credit bureaus have the potential to reduce loan interest rates as well as decrease the number of non-performing loans, while increasing financial access, credit expansion and ultimately economic growth.”  

Commenting on the investment and Actis’s investment thesis, Remo Lenisa, CEO of Compuscan, said: “Actis’s experience combined with its global footprint and sector specialisation, means that it is uniquely positioned to support us and to grow CSH both organically and through acquisitions.” 

The transaction is subject to regulatory approvals. 

About Actis
Actis invests exclusively in the emerging markets with a growing portfolio of investments in Asia, Africa and Latin America; it currently has US$7 billion funds under management. Combining the expertise of over 120 investment professionals on the ground in nine countries, Actis identifies investment opportunities in three areas: private equity, energy and real estate. Over 40% of Actis’s investments are located in Africa with over $1.9 billion invested  across 18 countries on the continent. Actis is proud to actively and positively grow the value of those companies in which it invests and in so doing, contribute to broader society.www.act.is  

About Compuscan
Compuscan is a full service credit bureau. Established in South Africa in 1994, Compuscan has become the leading provider of credit management solutions in emerging markets. The company currently operates in South Africa, Namibia, Botswana, Uganda, Lesotho and Ethiopia. Compuscan provides credit managements services in three parts: as a credit bureau operator, providing credit scoring and data analytics and as an expert credit training academy. Being a reputable and trustworthy provider of customised and innovative applications, Compuscan helps people to make smart business decisions throughout the credit life-cycle to minimise risk and maximise profits, while at the same time educating the consumer to prevent over-indebtedness and reckless borrowing.

With over 120 years combined experience in the operation of credit bureaus, Compuscan’s highly skilled, knowledgeable and passionate group of directors, management team and staff have what it takes to provide world-class credit management services.www.compuscan.co.za

For more information:

Gillian Findlay

Glasshouse

This email address is being protected from spambots. You need JavaScript enabled to view it.
+27 82 330 1477
+27 11 486 3561

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