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Foschini in trouble for selling club magazine subscriptions

By Faeza
05 July 2017

TFG said National Credit Regulator considered the selling the club magazine subscriptions to be “charging” a “fee” that is not permitted by the National Credit Act.

money

Foschini Retail Group, a wholly-owned subsidiary of TFG (The Foschini Group), on Tuesday was referred to the National Consumer Tribunal for allegedly being in breach of the National Credit Act for selling its club magazine subscriptions to consumers

In its defence, TFG said its club products were optional magazine subscriptions with insurance and other benefits which can be subscribed to at application stage, or later via telemarketing and other marketing channels.

TFG said consumers can cancel their subscription at any stage and without penalty.

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