NCR warns consumers ahead of Black Friday

November 26, 2019

VAAL TRIANGLE - The National Credit Regulator (NCR) has urged consumers to put away their credit card and shop sensibly this Black Friday. Black Friday – which originates in the United States, is an informal name for the day following Thanksgiving Day, which has been regarded as the beginning of the Christmas shopping season – has in recent years started gaining traction in South Africa. The regulator’s acting Manager for Education and Communication Advocate Kedilatile Legodi said when one buys on credit, consumers will be liable for related costs such as interest, monthly service fees, once-off initiation fees, credit life insurance and others.
PHOTO: (Supplied)

 

 

 

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