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A unit of South African retailer Pepkor Holdings has been sued by the country’s National Credit Regulator (NCR) for sell

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Gugu talks to Chris Gilmour, Investment Analyst about A unit of South African retailer Pepkor Holdings has been sued by the country’s National Credit Regulator (NCR) for selling unemployment and disability insurance to pensioners on welfare who would never be able to claim those benefits.

The High Court case against JDG Trading, which sells furniture and offers financial services, accuses the company of taking advantage of some of South Africa’s poorest and least financially literate people. In 2015, the regulator initially took JDG to the National Credit Tribunal over the practice in a case that was unsuccessful.
28 Apr 2020 9AM English South Africa Business News · Investing

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