SACRRA

Membership

Unlock Endless Possibilities with SACRRA Membership …

Memberships

Becoming a SACRRA member opens the door to a world of opportunity for your business to access tools and support to comply with the requirements of the National Credit Act (NCA) relating to the sharing and access to consumer profile information. Gain access via our Associate Members, to South Africa’s most extensive, continuously expanding database of credit and risk information, updated monthly with over 55 million records and still growing!

Our member benefits are diverse and tailored to suit the unique needs of each membership category. From ensuring legal compliance and simplifying data submission to enabling sound credit and risk decisions.

Since our early days with just 15 data-contributing members and 2 bureaus in 1999, we’ve grown to encompass over 4,000 data-contributing members, 6 bureaus, and 25 analytical firms – testament to our commitment to continuous expansion and development.

We are dedicated to helping our members gain unparalleled control over their data while ensuring compliance with existing legislation in today’s ever-evolving business environment. Our data contributing members benefit from the inclusion of credit and risk data (payment profile) at every stage of their customer’s life cycle, providing them with greater insight into customer behaviour, reducing potential risks, and promoting sustainable business growth and financial inclusion.

We proudly offer a robust framework that facilitates the sharing of comprehensive and accurate credit and risk data, enabling members to adhere to the NCA’s credit information sharing provisions and perform credit and risk assessments and affordability calculations with confidence.

Our data-driven approach allows SACRRA to lead the way in data quality and standardisation for a more comprehensive understanding of shared data across all industry sectors, as well as its effective application for both members and non-members. By upholding the highest quality and standard of data submission, we enable legitimate access for lawful purposes, supporting the thriving credit and risk community.

Your success is our success. That’s why we actively engage with all parties involved in data submission, transmission, and application. We also collaborate with key stakeholders, such as government, regulators, and the media, to ensure full compliance with legislation and maximize the benefits of data sharing. Trust SACRRA to be your indispensable partner in navigating the future of credit and risk management.

Choose SACRRA membership and unlock the full potential of your business in the world of credit and risk management. 

So why wait? Join us  sacrra@sacrra.org.za today and discover the remarkable benefits of SACRRA – the leading credit and risk reporting association in South Africa!

Value Proposition

Our mission is to empower members with cutting-edge, data-driven solutions for all their needs,d elivering powerful reporting infrastructure with unbeatable efficiency.

Relentlessly upgrading credit and risk data quality, quantity, and consistency with top-notch resources, training, tools, suppliers and standardised priocesses.

A commitment to excellence. 

Safeguarding data integrity by meticulously tracking and monitoring submissions, guaranteeing a reliable data pool for informed decision-making.

Crafting and upholding yop-tier standards for data submission requirements, ensuring precision and consistency in every detail.

Membership Types and bespoke value per membership category

Action

Membership

Bespoke Value

Full Membership
Data Contributing Member either registered as credit providers with the National Credit Regulator (NCR), or data providers that voluntarily submit data on a reciprocal basis.

  • Affordable shared infrastructure with world-class encryption for data transmission.
  • Top-notch resources, efficient tools, and streamlined submission processes.
  • Direct access to a validation engine for instant data quality insights.
  • Comprehensive legal and regulatory compliance with SACRRA Data Specifications.
  • Continuous focus on enhancing credit and risk data quality, quantity, and consistency.
  • Standardized, up-to-date data for informed decisions, scorecards, and risk management.
  • Neutral facilitator bridging communication between multiple credit bureaus.

Affiliate-led Group Member (ALG)

ALG Member is a class of member representing at least 10 data contributors who have the characteristics, criteria, rights and obligations of Full Members.

The Group is led by a Group Leader, which may be any person, entity or institution who is neither a data contributor nor does it perform enquiries on the Associate Member databases on its own behalf, but either (a) provides a service that facilitates data submissions on behalf of the data contributor members it represents; or (b) provides a Loan Management System that includes functionality to submit data on behalf of the data contributor members it represents.

  • Affordable shared infrastructure with world-class encryption for data transmission.
  • Top-notch resources, efficient tools, and streamlined submission processes.
  • Direct access to a validation engine for instant data quality insights.
  • Comprehensive legal and regulatory compliance with SACRRA Data Specifications.
  • Continuous focus on enhancing credit and risk data quality, quantity, and consistency.
  • Standardized, up-to-date data for informed decisions, scorecards, and risk management.
  • Neutral facilitator bridging communication between multiple credit bureaus.

Contact SACRRA 

Hosting Membership
Hosting Member is a class of member as described in section 43 of the NCA and whose business is primarily to collect, maintain, store and report data subject, credit and risk information.

With the introduction of Regulation 19(13), the credit bureau to be authorised in writing by the National Credit Regulator to receive, host and
return credit information to any party requesting it for a permitted purpose or a purpose contemplated in the NCA.

  • Secure, encrypted Data Transmission Hub for cost-effective and efficient data receipt.
  • Prompt query resolution with independent, dedicated experts, preserving bureau-client relations.
  • SACRRA engages data contributors, bypassing the need for direct commercial ties.
  • Quick and easy access to additional data sources, such as BusCRI.
  • Low acquisition costs, thanks to SACRRA’s streamlined data sourcing and onboarding.
  • Standardized formats for automated processes, reducing data validation and management expenses.
  • Opportunity to shape SACRRA’s development and direction.

Affiliate Membership
Appointed by a Data Contributing Member to perform a specified service or task which may require access to credit and risk data or any data derived from consumer credit information which the Data Contributing Member would be entitled to receive.

Appointed by a Hosting Member as an on-seller of consumer credit information in accordance with certain provisions required by SACRRA, and subject to the provisions of S43 of the NCA.

  • Access up-to-date collective dataset for analysis upon contracting with data contributors or credit bureaus.
  • Improved analysis, risk management, and decision-making with standardized, comprehensive data.
  • SACRRA membership as a seal of approval, enhancing Affiliate’s market positioning.
  • Collaborate with a knowledgeable team and stakeholders on data application and shared interests.
  • Opportunity to shape SACRRA’s development and direction.

Contact SACRRA 

Network Associate Membership
A Network Associate Member is any industry association or interest group which is neither a data contributor, nor performs enquiries on the Hosting Member databases on its own behalf and represents any group or sector of interested industry participants, whether these participants are Members of SACRRA or not.

  •  To foster a trusting and cooperative relationship with SACRRA with the intention of collectively improving the data ecosystem and address their respective member issues.
  • To collaborate with SACRRA on common or cross-cutting industry or legislative issues and/or other industry initiatives or strategic projects.

Let SACRRA be your indispensable ally on the path to success in the ever-evolving world of credit and risk management. Welcome aboard!

Membership fees

At SACRRA, we understand the importance of accommodating our members’ diverse needs and bringing smaller players into the fold by subsidized fee structures. That’s why our membership fees are determined by your membership category and invoiced annually at the beginning of each year.

For your convenience, fees are due within 30 days of invoicing, and some membership categories even offer pro-rated mid-year joining fees. To ensure a seamless application process, a nominal non-refundable application fee applies for all new members.

Experience the ease and flexibility of SACRRA membership, tailored to suit your business’s unique requirements.