"Debt management for South Africans by South Africans."
When South Africa passed the National Credit Act, our Founder was at the forefront of the industry. He realised that the South African market was completely dominated by foreign-owned debt management companies. In order to make a difference, he founded Debt-Savvy as a 100% South African-owned company, with the vision to help government and citizens to roll out debt management services to all 9 provinces.
Debt-Savvy passes the first 100 clients mark, helping citizens from all nine provinces across the country to renegotiate their credit agreements. We launched our Friend's and Family Promotion.
Debt-Savvy opens its first company office in Muizenberg, Cape Town with 5 employees.
Debt-Savvy develops its own computerised Client Assessment Tool (CAT), meaning faster turnaround time for clients to get their applications done.
Debt-Savvy is successful in raising capital and sells 35% of its shares to ABC Education Technology, who not only bring funding but also technical skills in digital technologies, which are vital in supporting our growing client base.
Debt-Savvy opens its new corporate office in Stellenbosch, Western Cape, a university, farming and banking town in South Africa known for its good wines and even better rugby players. We hire more team members and create a call centre department to respond to clients contacting us. We expand to include a legal department.
We hope you will become part of our story in 2019!