The Southern African Institute for Financial Freedom
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Honest answers to tough questions

  1. What is SAIFF?

  2. What is a Co-Operative?

  3. What memberships does SAIFF offer?

  4. What is Intego?

  5. What is Alumno?

  6. How can I apply for the Alumno Membership?

  7. Where can I contact someone from SAIFF?

  8. What sort of risks does SAIFF address?

  9. What is Debt Review?

  10. Can I join SAIFF if I am not subject to a debt review?

  11. How much does it cost to join SAIFF?

  12. What is “Monthly Rehab Fee” or “Affordability Amount”?

  13. How can I apply for the Intego Membership?

  14. Are the Debt Counsellors on the SAIFF site trustworthy?

  15. I am a Debt Counsellor. How can I offer SAIFF to my clients?



  1. What is SAIFF?

    SAIFF is short for Southern African Institute for Financial Freedom. SAIFF is also a registered consumer services co-operative registered in terms of the Co-Operatives Act of 2005.

    In general SAIFF offers a means for consumers under debt review to be protected from the risks presented by the industry. Legal Assistance forms the basis of the SAIFF membership offering.


  2. What is a Co-Operative?

    A Co-Operative is an institution where people with a common bond come together and join resources to achieve something that would be impossible to achieve on an individual basis.

    The common bond for SAIFF members is the fact that they all are subject to a debt review or have been in the past.


  3. What memberships does SAIFF offer?

    SAIFF offers 2 membership types. These memberships were designed in such a way to first serve the newly joined members and then transition into a n escalated membership at a later stage. The SAIFF memberships on offer are called Intego for new members and Alumno for existing members that meet specific requirements.


  4. What is Intego?

    To become an Intego member you will have to successfully apply for debt review with a SAIFF accredited debt counsellor.

    The Intego membership is designed to suit the needs of the consumer under debt review for the period before a court order is obtained.

    Every member of SAIFF will start with the Intego membership and later progress onto the Alumno membership.


  5. What is Alumno?

    The Alumno membership phase has been designed for the debt review client that is paying his/her debt review on a month to month basis and who has a court order in place.

    The court order is the factor that transitions the SAIFF members from Intego to Alumno.

    These two distinct memberships has been implemented because the risk factor during each phase of membership differs significantly.

    Your relationship manager will, upon constructing your repayment plan, pre-qualify you for SAIFF and then give you the choice to join.

    There are specific requirements with regards to your repayment plan that will enable you to become a SAIFF member. You can have a chat to your relationship manager regarding the minimum requirements.

    If you meet these minimum requirements, and agree to the terms and conditions you can become a member.

    Please refer to the Alumno Brochure for more information.


  6. How can I apply for the Alumno Membership?

    The Alumno membership is not open for application… but an Intego member transitions to Alumno after his/her membership reaches a certain maturity level.

    Please refer to the Alumno Brochure for more information


  7. Where can I contact someone from SAIFF?

    You can contact a SAIFF representative at the following address.

    Email: info@saiff.co.za
    Phone: 087 802 7179
    Fax: 086 517 6753


  8. What sort of risks does SAIFF address?

    In the debt review process there are a few risks that need to be addressed in a way that will not disrupt the consumer’s debt review.

    One such risk or problem is unlawful terminations of the debt review by credit providers. These terminations provide the credit providers with a platform to institute legal action which could cost a lot of money.

    Most consumers who are under debt review do not have additional funds to defend these matters, and it is from this that SAIFF was established.


  9. What is Debt Review?

    Debt Review is a solution provided by the National Credit Act to consumers who are over indebted. If you struggle to pay all your debt when the instalments are due, chances are good that you might be over indebted.

    Debt Review provides an opportunity where a debt counsellor can negotiate with your credit providers to have terms extended and instalment amounts reduced. Sometimes even the interest rates gets reduced.

    Your credit providers will then agree on a new repayment plan, and you will pay a reduced, consolidated monthly instalment according to the newly established repayment plan.

    This repayment plan must then be made an order of the court according to the National Credit Act.

    What makes Debt Review unique is the fact that your home a vehicle instalments can be included and that credit providers are prohibited from taking legal action if you stick to the repayment plan.


  10. Can I join SAIFF if I am not subject to a debt review?

    Unfortunately SAIFF membership is exclusively for individuals who are under debt review with a SAIFF accredited debt counsellor.


  11. How much does it cost to join SAIFF?

    When you are under debt review you pay a fixed monthly instalment that is deducted by your debt counsellor. Your SAIFF membership contribution will be 5% of that monthly instalment amount with a minimum contribution amount of R100.

    Your monthly membership contribution will be worked into the monthly debt review instalment that you pay, thus you need not worry about making additional funds available as membership contribution.

    Furthermore, there is a once off R350 joining fee to get you going in SAIFF. This cost is to cover some administrative expenses and to give you a starting balance in your SAIFF account.


  12. What is “Monthly Rehab Fee” or “Affordability Amount”?

    This refers to the monthly instalment paid on a debt review. A debt counsellor negotiates to get debt instalments reduced and then consolidates those instalments into one fixed instalment.

    The monthly rehab is calculated as net income minus living expenses, which leaves an amount to repay debt.

    This amount is then paid until all debt has been settled under the debt review.


  13. How can I apply for the Intego Membership?

    When you enter debt review with a SAIFF accredited Debt counsellor you will have a relationship manager who manages your debt review.


  14. Are the Debt Counsellors on the SAIFF site trustworthy?

    All debt counsellors who are listed on the SAIFF website are accredited. The accreditation process is conducted by a designated SAIFF official who ensures that the debt counsellor conforms to the vision and purpose of the National Credit Act and SAIFF.

    All SAIFF accredited debt counsellors have to make use of the services offered by ADCAP. All aspects of the debt review process are standardised through ADCAP, ensuring that all debt counsellors that subscribe to SAIFF are able to offer the same quality of service to all consumers.


  15. I am a Debt Counsellor. How can I offer SAIFF to my clients?

    You can offer SAIFF to your consumers by subscribing to ADCAP. ADCAP is a company that administers debt review applications on behalf of debt counsellors. They employ standards and procedures to ensure uniformity in each debt review case.

    ADCAP has a collective bargaining power through strategic relationships and good working relationships with credit providers.


Connect with SAIFF

If you would like one of our call centre agents to call you with more information about the SAIFF offer, kindly send us a email to the following address:

info@saiff.co.za