Government’s consultation of surcharge ban called into question

The Motley Fool Chief Investment Officer Scott Phillips discusses the “unintended consequences” of the credit card surcharge ban. “There was a lot of public effort, anger to get rid of the surcharge, but the unintended consequences and the responses are significant,” Mr Phillips told News24. “That’s the real problem, it’s a popular thing to remove it but, the impact is significant on particular groups. I wonder whether again… the government did enough consultation before making the change.”