South Africa Case Law

National Credit Regulator v Lewis Stores (Pty) Ltd and Another (NCT/27651/2015/140(1))

National Credit Regulator v Lewis Stores (Pty) Ltd and Another (NCT/27651/2015/140(1)) [2016] ZANCT 33 (9 September 2016)

Court

National Consumer Tribunal

Case number

NCT/27651/2015/140(1)

Judges

J Simpson, D Terblanche, H Devraj

The Tribunal found that Monarch Insurance is not a credit provider and is not subject to the National Credit Act; thus, the application against Monarch was dismissed. The Tribunal held that the National Credit Regulator's investigation and referral were lawful and valid, as the NCA does not require the complaint to be tested or limit the investigation to the original complaint. Lewis Stores was found to have contravened section 106(2)(a) of the NCA by offering or demanding loss of employment insurance from pensioners and unemployed consumers, and disability insurance from pensioners, which wa…

Source excerpt

• National Credit Act
• Credit Insurance
• Prohibited Conduct
• Unreasonable Terms
• Administrative Penalty