Pepkor unit sued for selling unemployment insurance to pensioners
National credit regulator takes JDG Trading to court for selling unemployment and disability insurance to pensioners on welfare
27 April 2020 - 19:46
A unit of retailer Pepkor has been sued by the national credit regulator for selling unemployment and disability insurance to pensioners on welfare who would never be able to claim those benefits.
In the high court case against JDG Trading, which sells furniture and offers financial services, the company was accused of taking advantage of some of SA’s poorest and least financially literate people. In 2015 the regulator took JDG to the national credit tribunal over the practice in a case that was unsuccessful...
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