When holidaymakers began making submissions this week before an inquiry set up to investigate the local time-share industry, the burning issue was the purchase of points that are redeemable for holidays. The inquiry, launched this year by the National Consumer Commission, aims to resolve consumer complaints against some of the major players in the time-share industry. "Points, bottom line, are a scam. Points are worth a big fat zero," self-employed Ebrahim Mayet said when he made his submission. Conventional time-share ownership is the payment of a capital amount and annual fees to useholiday accommodation for a period of the year, usually measured in fixed weeks. Recently more companies offer an alternative in which individuals may purchase points, also for a lump sum and fees. These can be redeemed for a stay at any of the company's associated destinations. According to the Vacation Ownership Association of Southern Africa, the industry mouthpiece, your number of points might tran...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.