FOSCHINI OVERCHARGING INTEREST

Have just reviewed my Foschini statements. I have been charged interest for being 1 day late in the amount of R24. 56 against a pmt due of R380.00 . This equates to an annual interest equivalent of R8964.40 on an outstanding amount of R380 or a rate of 2359.05 %.<br> I have checked other months and note similar charges put thru by Foschini where pmt has been overdue for a few days.<br> I believe the Banking Ombudsman would be interested to be made aware of this ruthless behavior by Foschini in charging interest in excess of the usury Act<br> IN addition Foschini charge me R2.85 for an monthly SMS which I have never agreed to or requested<br> ALL FOSCHINI CUSTOMERS NEED TO CHECK THEIR STATEMENTS FOR THESE IRREGULAR CHARGES