Lewis to refund R44.1 million to its customers to make right its “mistake”

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The Lewis Group announced on Tuesday it will refund R44.1 million to a group of its customers.

It says that amounts to the cost of “loss of employment insurance” mistakenly sold to them.

The refund includes R23 million in interest.

The Money Show’s Bruce Whitfield interviewed Stephen Logan, The Founder of Fair Credit.

Scroll down for quotes from the audio below.

Lewis is lying. It’s not a mistake; it’s systematic abuse.

Stephen Logan, The Founder of Fair Credit

This refund is very small; it’s the tip of the iceberg.

Stephen Logan, The Founder of Fair Credit

The very poorest are paying an absolute fortune! Just for credit life insurance!

Stephen Logan, The Founder of Fair Credit

We’ve got used to these abusive credit practices.

Stephen Logan, The Founder of Fair Credit

It’s time this practice comes to an end. The regulator must step in!

Stephen Logan, The Founder of Fair Credit

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