Credit regulator loses to furniture retailer Lewis in court - again

2019-12-18 09:41

The Supreme Court of Appeal has dismissed an appeal by the National Credit Regulator in a drawn-out legal battle against major furniture retailer Lewis Group.

Court decides in favour of Lewis regarding club fees, extended warranties

2018-05-02 11:29

The National Credit Act does not prevent credit providers from offering the services of a club to consumers, provided these services are not part of the “cost of credit”.

Lewis feels impact of economic climate

2017-05-24 18:38

Lewis Group has posted its final audited results for the year ended March 31 2017 and reported a gross margin of 41.6% and headline earnings per share of 400.1 cents.

Consumer watchdog cleared of Lewis allegations

2016-09-30 17:15

David Woollam of consumer watchdog Summit Financial Partners says his name has been cleared by the FSB regarding allegations of insider trading by Lewis Stores.

Lewis shares slide on harsh credit ruling

2016-09-15 17:01

Lewis Group stocks have been the biggest loser among its peers with the share price down 3% after subsidiary Lewis Stores had been found in breach of the National Credit Act.

Lewis group credit ratings and outlook affirmed

2016-09-06 18:37

Lewis Group has advised that Global Credit Ratings has affirmed the group's credit ratings and outlook.

Lewis Group takes action against 'vexatious' shareholder

2016-06-10 15:45

Lewis Group has launched court proceedings to set aside a demand by a shareholder to declare some of the company’s directors delinquent.

Lewis acquires 57 stores in Africa

2016-03-24 15:36

Lewis Group has completed the acquisition of a portfolio of 57 Ellerines and Bears stores in four southern African countries.

Lewis has green light for Botswana, Lesotho stores

2016-02-15 17:08

Lewis Group has received regulatory and competition approvals for the acquisition of Ellerines and Beares stores in Botswana and Lesotho.

Lewis defends R18k washing machine, 'threatens' Vegter

2016-01-26 21:30

The facts of the case in the washing machine row do not support the accusation of reckless lending, says Lewis Group.

 

Lewis Group continues recovery

2018-05-23 15:29

Lewis Group has continued its recovery in the financial year to March 2018 with stronger merchandise sales, tight expense control and lower debtor costs.

Lewis buys cash furniture retailer for R320m

2017-10-19 11:05

Lewis Stores has acquired the entire share capital and all shareholders’ claims against United Furniture Outlets for R320m in cash plus any applicable interest.

Lewis Stores to appeal tribunal decision

2016-10-02 13:18

Lewis Stores will appeal a judgment by the National Consumer Tribunal relating to a matter of The National Credit Regulator, Lewis and Monarch Insurance.

Lewis Stores credit ruling a win for consumers

2016-09-20 14:49

The tough ruling against Lewis Stores is a clear warning that illegal practices in the credit industry will not be tolerated, says Debt Rescue CEO Neil Roets.

Lewis faces fine for breaching National Credit Act

2016-09-14 16:33

Lewis Stores is guilty of infringing the National Credit Act, relating to credit insurance and disability cover sold to pensioners and self-employed consumers.

Whistleblowers raise more alarms at Lewis

2016-08-26 20:21

The plot thickens in a high court case by Lewis directors, defending charges of being delinquent in the way customer accounts are handled.

NCR refers Lewis to National Consumer Tribunal

2016-04-19 20:01

The National Credit Regulator has referred Lewis’ operating subsidiary, Lewis Stores, to the National Consumer Tribunal for alleged breach of the National Credit Act.

EXCLUSIVE: Lewis taken to high court over fees

2016-02-24 11:45

Consumer watchdog Summit Financial Partners is taking Lewis Group to the Cape High Court for what it alleges to be unfair practices.

Lewis in move to curb cost confusion

2016-02-09 06:25

Lewis Group is launching a specialised call centre to limit any potential misunderstandings of the costs, services and fees to be paid by customers.

New NCR rules, tough economy hit Lewis sales

2016-01-25 11:53

Lewis Group says sales have been significantly impacted by the implementation of the National Credit Regulator's affordability assessment regulations.

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