Debtfree Issue 202310 - DB
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WHAT DO DC’S EARN<br />
DEBT REVIEW<br />
FEES...<br />
You may wonder what a<br />
professional, NCR registered Debt<br />
Counsellor earns each month as<br />
they assist consumers on the road to<br />
financial recovery.<br />
With the National Credit Regulator (NCR)<br />
looking at the fees that are charged for<br />
debt review <strong>Debtfree</strong> Magazine wondered<br />
about the other side of the fee’s issue, not at<br />
what consumers are paying but what Debt<br />
Counsellors are earning.<br />
According to Stats SA, in South Africa the<br />
average salary is currently R26 000/month<br />
(before tax). That’s roughly R325/hour.<br />
Now remember that an average takes into<br />
account the very highest earning individuals<br />
in SA as well (and they earn…a lot) but<br />
interestingly excludes agricultural workers<br />
according to the Stats SA report. Still, it does<br />
give some idea of whether Debt Counsellors<br />
earn above or below the middle ground in SA.
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