Welcome to Institute of Credit Management

  • Room 201, LAK House, 4 Fir Drive, Northcliff Randburg, Johannesburg

  • Contact Number +27(0)11 478 3830

  • Email Address admin@icmorg.co.za

Course Detail

As a professional body, representing its professional members and affiliates, the institute strives for excellence in: Providing a constant, updated and accurate source of credit information Establishing the basis for a sound economic credit function Creating study opportunities for all persons involved in credit Guiding students in their studies Facilitating ongoing training of staff involved in all disciplines of credit management through workshops and ICM accredited training providers.

No professional or business specialist can build and sustain a viable career and practice without initial education and training for that career as well as continuing professional education in order to keep current and involved in the developments in the relevant field

The ICM recognises the vital role that education and skills development play in assisting all South Africans to fulfil their potential. Education improves opportunity for our people with in the credit industry and the ICM remains committed to the current and future skills and education needs of personal within the credit fraternity in order to ensure that it achieves its mission and objectives.

Skills and education also plays a significant role in shaping the future productivity and competitiveness of the industry. According to the bill of rights contained in the Constitution of the Republic of South Africa, 1996(Act 108 of 1996), everyone has the right to basic education, including adult basic education and further education, which the state, through reasonable measures, must progressively make available and accessible.

Formal education in South Africa is categorised according to three levels

  • General education and Training (GET)
  • Further education and Training (FET)
  • Higher education (HE)

It is a clear stated objective of the ICM to promote education within the credit fraternity; therefore it must align itself with the requirement of the government in order to pursue this initiative.

The ICM currently presents, through its accredited collages and learning institution, a Five part certificate in Credit Management

The ICM assess over 1000 students annually during its bi-annual assessment which are carried out in some eight centres in and around Southern Africa. The current syllabus of ICM is credit intensive and covers areas which are vital to the day to day operations with the credit fraternity

Students study through an accredited college:

  • On successful completion of each part, students receive a letter from the ICM confirming their results.
  • On completion of Part 4, students receive the ICM Certificate in Credit Management, from their respective colleges.

Admission requirements Individuals employed in a credit-related position or who aspire to a career in the credit life-cycle are eligible to enrol in the programme ICM Fees


ICM Membership fees payable 2018

Annual Membership fee R686.00
Once off registration fee (all first time registrations) R211.00

Annual Associate Membership fee R686.00
Once off registration fee (all first time registrations) R211.00


Annual Associate Membership fee R5064.00
Once off registration fee (all first time registrations) R528.00

Re-registration fee(payable where membership has lapsed) R85.00
Internal postage fees(compulsory for non-SA members and learners) R211.00
Re-print membership certificate(on request) R160.00

Student fees payable 2018

Part 1,2 Part 3 Part 4 Part 5
Registration Fees
All first time registrations(ONCE OFF) R85.00 R85.00 R85.00 R85.00
Re-registration fee(payable where membership has lapsed)
Learner(No voting rights, no membership abbreviation)
Member(Full voting rights, Membership abbreviation - MCIM, Membership Certificate) R686.00 R686.00 R686.00
Exam fee(Per exam) R575.00 R575.00 R696.00 R739.00

Students must also register as ICM Learners:

On successful completion of Part 2, students are upgraded to Members of the ICM (MICM). On successful completion of Part 4, students become Associate members of the ICM (AICM). All registered students and members of the ICM also receive the Voice of Credit, the official quarterly journal of the ICM.


  • Definition of Credit
  • Forms of Credit
  • Sources and role of Credit
  • Internal Credit Environment
  • Introduction to the Basic Law of Contract
  • Supervisory Skills


  • Economical & legislative factors of Credit Management & their impact on customer ability to pay
  • Sources of finance available to Companies requiring working capital / growth funding
  • Credit Policy
  • Structure of a Credit Management Department
  • Understanding Budgets, Targets & Provisions
  • Advance Assessment Skills & Decision making
  • Securing an Account
  • Administrative Controls
  • Supervising the Department
  • Debt re-scheduling
  • Legal Action on Delinquent debtors
  • Export and International Credit
  • Consumer Credit
  • Introduction to Banking Credit
  • The role of Micro Lenders in South Africa
  • Introduction to Liquidations / Insolvency
  • Internal & External Audit & their requirements


  • Management
  • Insolvencies & Liquidations
  • Law
  • Financial Management
  • Handling case studies


  • Human Resource Management
  • Credit Management Statistics
  • Business Law
  • Introduction to Business Economics


  • Reporting
  • Economics
  • Accounting
  • Principles of Risk management
  • Managing Diversity
  • Business writing skills
  • Business etiquette

The ICM is the only examining body for credit management in Southern Africa.
Exams for the Five Parts of the ICM certificate in Credit Management is written during June and November of each year.