Back in May the National Consumer Tribunal declared it illegal for the Edcon Group – the owner of Edgars, Jet and CNA - to charge its credit customers club fees.
That ruling wiped out more than R400 million that Edcon “earned” every year in club fee income.
Now the National Credit Regulator (NCR) has referred The Foschini Group (owner of Foschini, Markham, Exact and Donna Claire) to the National Consumer Tribunal for the same offense.
This follows action against Mr Price and Lewis for a similar transgression.
The Foschini Group will oppose the case.
Arabile Gumede (in for Bruce Whitfield on The Money Show) interviewed Consumer Law Specialist Stephen Logan of Logan Attorneys.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
TFG illegally requires consumers to take out additional services as part of a credit agreement.
— Stephen Logan, Logan Attorneys
It’s one of the few things that is left that the market is still getting away with.
— Stephen Logan, Logan Attorneys
Click here (then “like” the page) to follow Bruce on Facebook.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.
However, we will NOT condone the following:
- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.
We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.
We strive to make the 702 community a safe and welcoming space for all.
702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.
Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.
702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.
Read More
Bruce Whitfield interviews The Loerie Awards CEO Andrew Human about the science of creativity and the creative economy.
No amount of name changing, or logo redesign, will have any effect if the underlying product remains defective, warns Rice.
The Money Show's Bruce Whitfield interviews Nkonki's Thuto Masasa, Willem Oberholzer and Dr Steven Firer.
The Money Show’s Bruce Whitfield interviews Schutte about his attitude to money (hopes and fears, successes and failures, etc.).
Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?
It is illegal for the Edcon Group – owner of Edgars, Jet and CNA - to charge its credit customers club fees.
Popular articles
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
