Durban – RCS GroupThe company that acquired most of Edcon’s store card books (Edgars and Jet accounts) before and after the business rescue process said it had completed the migration of some 2.3 million account holders from Edcon’s system to its own.

Is RCS part of Edgars?

Yes. Retailability acquires Edgars stores and RCS acquires Edgars credit accounts business.

Who took over Edgars’ account?

Asked for comment, Reagan Adams, Chief Executive Officer of RCS GroupWhen Edcon took over Edgars’ accounts when it came to a business rescue in April, the company said: « I can confirm we had an issue where interest was incorrectly being applied to a 6-month interest-free account, but this has since been corrected. , interest reversal.”

Is Jet an RCS?

The Competition Tribunal ruled that consumer finance business RCS now owns and controls the book debt of retailer Edcon. … Edcon is the parent company of clothing store Edgars, Jet and bookstore CNA. RCS is part of BNP Paribas Personal Finance Group.

Can I still use my Jetcard at Edgars?

« These Edgars and Jet thank U account cardholders will continue to be able to use their card to make purchases And will be required to manage their accounts in the same way as any other credit product, making sure they pay monthly instalments to maintain a healthy file with the credit bureau.

RCS approved to buy Edcon store card debtors’ books

40 related questions found

Can I use my RCS card at Pick n Pay?

Get your monthly groceries at Checkers, Shoprite, Pick n Pay and more. Yes, You can use your RCS store card in-game! Fuel up at Engen and Shell with your RCS store card.

Can I withdraw money from my Edgars account?

MOOVAMONEY is a wallet service that allows customers (including those without an Edgars, CNA or Jet/JetMart store account) to: ** Instant deposits and withdrawals at any participating Edgars, Edgars Connect, CNA or Jet/JetMart store in the South Africa only, Use a South African mobile number.

Can I use my Edgars card at Checkers?

Paying your EDGARS thanks to your account has never been easier. You can pay your account using any of these convenient payment methods.use unique Easypay reference number SMS’ed Pay you and pay at any PnP, Shoprite, Checkers or game store.

Who is the owner of Retailability?

The business is led by its founders and major shareholders, cliff linean entrepreneur with over 25 years of experience in fashion apparel retailing in Southern Africa.

Can I withdraw money from my RCS card?

Hi, can I withdraw cash with my rcs card? … You cannot withdraw cash, but you can apply to have cash deposited into your bank account. This can be done through the RCS application.

Can I use my RCS card when building?

Secure the credit you need to start or complete your dream home. Line of credit available to all Build it customers From Lendcor, Nedbank, RCS, Real People and Thuthukani.

Can you use RCS in Checkers?

For your grocery essentials, don’t forget you can use your RCS Store the card in the retailer’s store For example Checkers and Pick n Pay. Just swipe your card and enjoy up to 55 days interest-free* on every purchase. Remember, you can manage your RCS account from the safety and comfort of your home.

Who owns the legitimacy?

Retailability is a fashion retailer and holding company that owns the Legit, Beaver Canoe and Style brands. It operates in over 460 stores in South Africa, Namibia, Botswana, Lesotho and Swaziland.

Who bought the jet?

Foschini Group The Jet store was successfully acquired from Edcon last month for R480 million. Due to economic and store uncertainty, Foschini signed a three-year lease instead of the standard Jet five-year lease.

Which stores belong to RCS?

Our private label portfolio currently includes Game, Dion Wired, Makro, Builders, Queenspark, Tekkie Town, Spitz, Kurt Geiger, Green Cross, Carvela, Cotton On, Typo and Factorie.

Can I buy online with my RCS card?

RCS card is one of RCS’s service products, which can Apply online. Its credit limit ranges from R1,000 to R40,000.

How do I increase my RCS credit limit?

If at any time you wish to increase your credit limit, or wish to receive an automatic annual increase, you may notify us in writing or by phone. Where applicable, any such increase in credit will be subject to our scoring criteria and the provisions of the Act and this Agreement.

Can I buy electricity with my jet account?

MoovaMoney is available through Edcon’s chain Edgars, Edgars Connect, Jet/Jet Mart and CNA.To register on the platform, customers simply call *120*334# from their phone. Once registered, they will be able to purchase airtime, data, electricity and other value-added services.

Can I get cash from my airplane account?

You can do this by using Cash Advance Option This may be available on your card subject to the following eligibility criteria: 5.7. 1 Your account with us must not be in arrears and must exceed 3 months; 5.7.

Can I buy airtime with my Edgars account?

Buy airtime on your phone – Any time! anywhere! Credited directly to your Edgars account. We have registered 983,868 customers and we are on our way to our 1 millionth customer!

Can I use RCS cards for fuel cards?

One thing is for sure, when you need fuel injection, you can use your RCS store cards at selected Engen stations nationwide. What’s more, you’ll get an interest-free period of up to 55 days​​, as well as easy access to cash when you need it.

Can I buy at Pick n Pay with my game card?

Ackermans, Bata Shoe Stores, Boardmans, Builders, Cape Union Mart, Old Khaki, Poetry, Chamberlain Stores, Checkers, Checkers Hyper, Checkers Liquor, Clicks, CNA Stores, Contempo, Dion Wired, Dis-Chem, Edgars, Red Square, Games , Game Liquor, Hyperama House & Home, Hungry Lion, Jet, Makro, MediRite, OK Furniture, PEP …

Is Foschini part of RCS?

Foschini owns 55% of RCS, the remaining 45% of the business is owned by Standard Bank. … RCS has over 1 million cardholders and serves over 18,000 retail locations including Game, DionWired, Makro, Pick n Pay, Shoprite and Clicks.

Why is Edcon suffering financially?

financial problem

After the private equity acquisition, Edcon successively took over as CEO, lost significant market share, and struggling with an oversupply of rental space. This is partly due to an increase in cheaper imported clothing and consumers increasingly turning to online shopping.