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Edcon referred to Consumer Tribunal over unlawful fees - Moneyweb
Edcon referred to Consumer Tribunal over unlawful fees - Moneyweb
NCR finds Shoprite guilty of 'reckless lending' practices
NCR finds Shoprite guilty of reckless lending practices
TFG referred to the Consumer Tribunal for club fees - Moneyweb
TFG referred to the Consumer Tribunal for club fees - Moneyweb
Tribunal finds Shoprite guilty of reckless lending - Imali Matters
Tribunal finds Shoprite guilty of reckless lending - Imali Matters
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ncr has referred shoprite to the national consumer tribunal : Shoprite also sold a consumer a job-loss insurance policy for a six-month loan that had a waiting period of six months, the NCR said. The government has been cracking down on reckless lending as ...The National Credit Regulator (NCR) says its investigation into Shoprite has revealed ‘reckless lending’ and the sale of insurance cover to consumers who do not qualify. This includes ...The NCR has asked the consumer tribunal to impose a fine on grocer and furniture retailer Shoprite for reckless lending. ... NCR wants to fine Shoprite. ... the regulator referred a case involving ...The National Credit Regulator (NCR) has announced that it has referred Shoprite Investments Ltd and Shoprite Insurance Company Ltd (“Shoprite”) to the National Consumer Tribunal (Tribunal). The referral follows an investigation by the NCR which revealed that:-Shoprite Investments Ltd and Shoprite Insurance Company have:-The National Credit Regulator (NCR) on Wednesday referred the retailer to the National Consumer Tribunal in a probe for reckless lending. The NCR has raised two matters in which Shoprite could ...The NCR in 2015 referred the retailer to the National Consumer Tribunal in a probe for reckless lending, after raising two matters in which Shoprite could have contravened the National Credit Act. The credit regulator said the retailer’s business units Shoprite Investments and Shoprite Insurance Company sold retrenchment and occupational ...The National Credit Regulator (NCR) has referred Shoprite Investments Limited and Shoprite Insurance Company Limited to the National Consumer Tribunal for breaching the National Credit Act (NCA) and suspicion of reckless lending.The National Credit Regulator (NCR) on Wednesday referred the retailer to the National Consumer Tribunal in a probe for reckless lending. The NCR has raised two matters in which Shoprite could ...Shoprite has been fined R1m for failing to assess properly whether consumers could afford its loans, says a Moneyweb report. The company – which had turnover in its last financial year of R141bn – was also ordered to appoint a debt counsellor at its own costs following what the National Credit Regulator (NCR) called ‘reckless lending’.NCR investigated and referred the following entities to the NCT: • Shoprite Checkers (Pty) Ltd (Shoprite) wherein the NCT found Shoprite guilty of reckless lending and imposed a fine of R1 million; • Lewis Stores (Pty) Ltd (Lewis) for mis-selling of credit life insurance. Lewis was found guilty of prohibited conduct and is required to refund
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