NCR wants independent audit of policies sold by Lewis

Lewis allegedly sold unemployment insurance policies to unemployed people & pensioners.

The National Credit Regulator (NRC) says it still wants a full independent audit of unemployment insurance policies sold by the Lewis Group to people who didn't have jobs. Picture: Facebook.com

JOHANNESBURG - The National Credit Regulator (NRC) says it still wants a full independent audit of unemployment insurance policies sold by the Lewis Group to people who didn't have jobs.

The group says it's going to pay back over R61 million to customers who bought the insurance.

It also says it's changed its internal procedures to ensure that this doesn't happen again.

But the regulator's acting investigations head Jaqueline Boucher says they still want Lewis to pay a fine.

"This does not deviate from the regulators plan, we are continuing with our referral. Our referrals were read at the tribunal."

Lewis says its own internal investigation found it received more than R44 million in premiums from people, who should not have had to pay for unemployment insurance.

The company's CEO Johan Enslin says the insurance was sold as a result of human error.

It is now going to pay back that amount, plus R23 million worth of interest.