From a recent report The Debt Counsellors Association of South Africa said they are committed to improving relations with South African banks and providers of credit. This is to resolve some conflict with a slow process relating to people who are heavily indebted.

Currently in South Africa there more than 150,000 of 17 million credit active consumers who are in the debt review process. The estimate is that the people under debt review is growing with 10 000 people per month. This adds another 10 000 who could apply for debt counselling. The current economic conditions could be attributed to the increase. Also, job losses is a major factor and lending beyond ones ability due to the availability of credit.

The debt review process is slowed down due to court delays. These delays are until March 2011. Andre Snyman from the DCASA (Debt Counsellors Association of South Africa) indicated banks are realising debt counselling is assisting with collecting money and helping consumers. This is a win-win-win situation. Banks are happy because payment is made and consumers are getting to grips with their current debt position.

Cas Coovadia, the CEO of The Banking Association of SA, said the National Credit Act helped SA with the current recession. It made a lessor of an impact. Closer relations between South African Bans and debt counsellors was a topic under discussion relating to consumers who are in debt, and those who are in the debt review process to get out of debt.

South Africa is moving towards a more friendly environment for responsible debt management. This allows for economic growth and to create a stable economic environment. A countries economy is dependant on people managing their income. Another important factor is the saving rate of a country. By increasing the saving rate, one stimulates responsible handling of money.

The Debt Counsellors Association and Banks (as well as credit providers) in South Africa are working towards resolving the over indebtedness of consumers. It is not a one sided affair. The help and assistance of all parties are needed. This includes consumers to be more responsible for handling debt.