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Edgars under fire again

Publish date: 06 December 2018
Issue Number: 640
Diary: Legalbrief Forensic
Category: general

* Edgars’ right to collect more than R450m in club fees from those who buy on credit is under attack again as the National Credit Regulator (NCR) has applied – and been granted – leave to appeal against a Gauteng High Court (Pretoria) decision that Edcon’s club fees are lawful. This was confirmed by Nthupang Magolego, a senior legal adviser at the NCR. In August, the court found that the National Consumer Tribunal erred in finding that Edcon was not allowed to charge a club fee and that in charging this fee it had engaged in conduct prohibited by the National Credit Act.

Full report on the Business Day site