This followed for charging consumers a club fee on credit agreements in contravention of the National Credit Act.
Jacqueline Boucher, the NCR's acting manager for Investigations and Enforcement, says the Act allows consumers to be given a quotation which sets out the cost of credit before signing credit agreements.
She says consumers should request this quotation from credit providers so that they can properly check the cost of credit that's being offered.
Boucher says the National Credit Regulator wants Edcon to refund the affected consumers the club fees charged, interdict Edcon from continuing with their unlawful conduct and also impose an appropriate administrative fine.
She says the National Credit Regulator will continue to conduct industry-wide investigations on the cost of credit to root out illegal charges and fees that consumers are charged.
