We are celebrating our 30-year anniversary!
Click on the following link to view our timeline and other industry and Member’s highlights from our 30 year history: The SACRRA Timeline
Our sincere thanks to all our Members, suppliers and stakeholders, both past and present, who have all contributed to successfully reaching this historic milestone.
From humble beginnings three decades ago, the SACRRA’s existence has been sustained by never losing sight of the original objectives of the Association, which were set out in 1989 by our founding members.
The original objectives required a dual focus on both the data sharing environment and broader credit matters. An ever-changing environment, the importance of available quality credit bureau data and having an independent body to facilitate and assure data quality, has resulted in our focus shifting to that of a data-only focus, for the past 6 years.
Our data-focus is likely to remain unchanged for the next chapter in the SACRRA’s history.
The establishment of the Association
The concept of establishing an association of credit retailers and credit bureaus was tabled by 12 founding members in January 1989 when The Consumer Credit Association (CCA) was established.
Our founding members included Edgars, Sales House, Truworths, Boymans, Foschini, Amrel, OK Bazaars, Joshua Doore, Clobea/Furnbea, Rusfurn Group, Information Trust Corporation (now TransUnion) and Kreditinform (now Experian).
An inaugural general meeting was called a few months later in April 1989 when the first steering committee of the CCA was elected. The committee was tasked to prepare the Association to commence formal operations, appoint an Executive Director, draw up a constitution, develop a funding model as well as a communication strategy.
Six retailers were chosen as members of the first Management Committee: Amrel, OK Bazaars, Prefcor, Sales House, Truworths and Edgars and two credit bureaus, Kredit Inform and Information Trust Corporation (ITC).
In the first year R150 000 was budgeted to pay the director and cover all other expenses for the Association’s establishment and operations. The first full membership fees were R9 000 a year.
Our original objectives were:
The first Annual General Meeting was held a year later, on Tuesday, 3 April 1990, at the Edgars’ head office. The draft constitution was submitted and adopted at the meeting. George Coppin was appointed as the first Director of the CCA on a three-day-a-week basis.
Three categories of membership were established:
Available to credit providers accepted by the Management Committee.
Available to credit information bureaus that processed full members’ consumer credit information and were accepted by the Management Committee.
Available to other operators in the consumer credit granting or related fields, and to persons/bodies from businesses, professions or associations with a vital interest in the objectives and activities of the CCA.
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