A financial downturn has many negative effects, with perhaps the most distressing for consumers being the repossession of an asset. Whether it’s your trusted car that transports your family around, or your house that you call home, repossession can be an incredibly distressing experience. CEO of the Banker’s Association of Namibia (BAN), Brian Katjaerua says,...
Staff Reporter THE Minister of Justice, Yvonne Dausab, has stated that her ministry is currently finalizing and tabling the High Court and Magistrate’s Court Amendment Bill to provide for judicial oversight in the sale of immovable property in cases of debt. The Justice minister made these remarks at the Cabinet Committee Briefings that commenced this...
Staff Reporter A nationwide protest against home repossessions, led by August Maletzky, an activist for various causes, fell flat with only a few showing up. Embarrassingly, and in an overreaction, the banking fraternity last night alerted thousands of their clients, assuring their safety against the seven protestors who supported Maletzky. The protestors, at their highest...
The chairperson of the parliamentary standing committee on home affairs, security, constitutional and legal affairs, John Likando, says urban poverty and the repossession of houses by commercial banks in the Erongo region need immediate attention. Likando said this during an oversight engagement with selected organisations, ministries and agencies under their ambit at Swakopmund on Thursday....