Consumer watchdog withdraws case against Foschini subsidiary
In 2017 the National Credit Regulator accused Foschini Retail Group of contravening the National Credit Act
30 May 2019 - 19:22
In an unexpected turn of events, the National Credit Regulator (NCR) has withdrawn its referral of Foschini Retail Group (FRG), a subsidiary of listed clothing retailer The Foschini Group (TFG), to the National Consumer Tribunal for an alleged breach of the National Credit Act (NCA).
The move, announced by TFG on the stock exchange news service Sens, could bring to an end the stand-off between the company and the consumer watchdog which dates back to July 2017...
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