“Unsecured lending” by definition includes loans for which the lender holds no security by pledge or personal security. The National Credit Regulator has reported growth in unsecured lending from R40bn in 2008 to R172bn in 2014. The vast amount of money lent combined with the ramifications of reckless lending sees many South Africans burdened with over-indebtedness.
1 December 2012
In 2000, James O’Haughey Chief Financial Officer of DebtBusters, graduated from the University of Stellenbosch in South Africa with honours in accounting. In 2003, James qualified as a Chartered Accountant at the South African Institute of Chartered Accountants (SAICA). After completing his articles at Deloitte in Johannesburg in 2003, James went on to do a 3 month secondment with Deloitte in New York.
From 2004 to 2011, James went on to further his financial career in London by gaining work experience across industry at various corporations such as Barclays Capital, CP Ships Limited and Logica Limited.
Over the years, James has acquired a wide breadth of financial experience including process development & improvement, financial accounting & reporting, project management, taxation and treasury management. James has also gained wider experience outside of finance, including client account management, business development and IT product development.
Before joining DebtBusters in 2012, James worked for TradeStream, a software development company providing services within the South African retail sector, as a client account executive. James has strong technical expertise, coupled with problem solving and analytical skills, as well as excellent communication and interpersonal skills.