THE BAD

Finweek English Edition - - THE WEEK -

The Na­tional Credit Tri­bunal (NCT) is yet to act on any of the re­fer­rals by the Na­tional Credit Reg­u­la­tor (NCR) against fur­ni­ture and ap­pli­ance re­tailer Lewis. The NCR first re­ferred Lewis to the Tri­bunal in July last year for a case re­lat­ing to al­le­ga­tions that the re­tailer had sold re­trench­ment cover to pen­sion­ers and self­em­ployed em­ploy­ees. It re­quested an ad­min­is­tra­tive fine of R10m. The lat­est re­fer­ral re­lates to war­ranty charges and club mem­ber­ship fees charged by Lewis since 2007, which the NCR says are in con­tra­ven­tion of the Na­tional Credit Act. It wants the Tri­bunal to force Lewis to re­fund cus­tomers.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.