BY GROWTH, CHANGE IS INEVITABLE
In order for Accountability Group (Pty) Ltd to comply with a decision made by the National Credit Regulator
to register all "resellers" of Credit Bureau data as Reseller Credit Bureaus in their own right a new entity
had to be created. This new entity will, from now on, be responsible for the generation of Regulation 19(4)
Notifications and the execution of Members' instructions to list defaulting payers on Credit Bureaus databases.
The registration of this new "Reseller Credit Bureau" will occur in terms of Section 43 of the National Credit Act, No 34
of 2005, as amended.
This has led to the creation of Accountability Solutions (Pty) Ltd. From the Members' point of view nothing will change: Accountability's business model will not change, only its underlying company registration details, web layout and invoice structure will.