Trustco Group Holdings says its disinvestment from Sierra Leone diamond mining company Meya Mining will allow it to transition into a fully-fledged investment entity operating within the emerging markets.

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The Bank of Namibia (BoN) says the country’s financial system is robust and resilient to withstand elevated risks and vulnerabilities emanating from the global environment.

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Letshego Holdings has partnered with the Ongos Valley Group to provide financial assistance to aspiring homeowners, including those who do not qualify for housing bonds with other commercial banks.

Whether you are a developer or soon to be homeowner, a well-designed floor plan is a good point of departure when embarking on the home building journey.

It is important that sellers guard against being swayed by the charm and the promise of selling for maximum profits and ensure they do not overlook the importance of ticking all the boxes before awarding a mandate for the sale of their property.

You must make sure that the agent is properly qualified and has a valid Fidelity Fund Certificate (FFC).

This is important because a registered agent with a valid Fidelity Fund Certificate offers protection, not only for the sellers but also for buyers as well as for the agent.

The importance of a valid Fidelity Fund Certificate (FFC)

 Under the Estate Agents Act, no person may practice as an estate agent unless he or she is in possession of a fidelity fund certificate. The power to issue and withdraw this certificate vests in the Namibia Estate Agent Board (NEAB).

Fidelity Fund Certificates are valid for 12 months and must be renewed by 31 October annually. Sellers are entitled, and it is recommended, to ask to see the FFC of an agent to check its validity on the document itself as well as with the NEAB, where you can search whether someone purporting to be an agent is in fact registered as such.

By dealing with an agent with a valid fidelity fund certificate, you are not just confirming that the agent is legitimate and appropriately skilled, but the transaction would be covered by the Estate Agents Fidelity Fund (administered by the NEAB) should the need ever arise to lodge a claim with the fund.

The purpose of the fund is to reimburse a member of the public who, under certain circumstances, has suffered a financial loss as a result of his dealings with an estate agent.

There is no limit to the amount a claimant may recover from the fidelity fund, but certain requirements must be complied with before a person is entitled to enforce a claim against the board for compensation from the fund.

The dangers of dealing with an agent who is not registered with the NEAB are enormous. It is an easy exercise to check whether an agent is registered or not - simply ask to see a current copy of the agent’s Fidelity Fund Certificate.

 If the person with whom you are considering working with does not have this, move on and find someone who has the right credentials.

For enquiries Text,Call or email #yourhomegirl Justina Hamupembe

Cell: +264812726001

Email. This email address is being protected from spambots. You need JavaScript enabled to view it. 

Website: www.chili.com.na 

 

The City of Windhoek is demanding nearly N$25 million from Namibia Dairies after a technical fault at the company’s Avis plant resulted in approximately 6 000 litres of heavy fuel being released into the capital city’s sewerage system in February 2019.

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The Bank of Namibia (BoN) is planning to align the Building Societies Act 2 of 1986 with international best practices.

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Job Amupanda has withdrawn from a 19-member Technical Committee appointed by Finance minister Iipumbu Shiimi to spearhead consultations on the protracted Financial Institutions and Markets Act (FIMA).

TransNamib says it’s incurring a N$10 million monthly loss due to delays in securing funding for its Integrated Strategic Business Plan (ISBP) which was coined in 2018, with the aim of turning around the financial fortunes of the rail operator into a profitable entity.

Australian uranium producer Paladin Energy will now spend N$1.96 billion (US$118 million) against the initial budget of N$1.44 billion (U$87 million) on Langer Heinrich mine due to cost escalations for labour, equipment and raw materials.

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