July 4, 2017 / 9:44 AM / 3 months ago

BRIEF-Foschini's unit referred to National Consumer Tribunal

July 4 (Reuters) - Foschini Group Ltd

* Unit Foschini Retail has been referred to National Consumer Tribunal for allegedly being in breach of National Credit Act

* Unit sells club magazine subscriptions that National Credit Regulator considers to be “charging” a “fee” that is not permitted by NCA

* Co is of view that FRG’s referral is based on “incorrect interpretation of applicable legislation”

* Says will oppose FRG’s referral to NCT Source text for Eikon: Further company coverage:

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