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
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It is illegal for the Edcon Group – owner of Edgars, Jet and CNA - to charge its credit customers club fees.
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