Media Credit co-ordinators (MCC), is a non-profit company, incorporated in accordance with the provisions of section 21 of the Companies Act. The main objective of MCC is to hold securities for the media industry when debtors provide one centralised security for media owner members.
Debtors provide securities to MCC for benefit of creditors. Securities are monitored and evaluated by CoreXalance and the MCC board of directors. CoreXalance is independently responsible for the vetting, evaluation, obtaining securities and accreditation of the debtors while MCC is responsible for the safekeeping, adequacy and perfecting of the securities provided by the debtors. The relationship between the two companies is vital in ensuring the ongoing success of the MCC.
Nominations for the Board of Directors are made by the members of MCC annually in August for the AGM in September. The current list of media owner members can be found below. The directors serve on the board for a period of one year from January to December. Directors stand in their personal capacity and not as a representative of the company they work for.
THE CURRENT MCC BOARD FOR 2016
Operations Manager of Shared Services Centre:
Dave has been in the Newspaper Industry for over 28 years and has spent the last 12 years in Management and Finance.
Thabile started at SABC in 2005 as a Financial Manager at SABC 1. She is currently SABC Group Sales division’s General Manager: Finance. Thabile has been a board member since the beginning of 2010.
Manager Shared Service Centre
Independent Newspapers (Retired)
Ellis has been a MCC board member since January 2010, with 36 years’ experience in finance.