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The Namibian Home PageWed 17 Sep 2014, 09:31Last update: 17 Sep 2014
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News    Opinions    Sport    Business    Entertainment    Oshiwambo    Archive    Top Revs    Letters   
The Namibian
Wed 17 Sep 2014
 THE responsible ministry must erect a statue for Andimba Toivo ya Toivo and rename one of the two public hospitals in Windhoek in his honour.
 FIRST these 'struggle kids' ask for and plead for jobs and then they quit? When you have a job in this country you keep it no matter what and you don't quit. You only leave it for a better offer elsewhere.
 A QUESTION to the Minister of Veterans' Affairs: When are some of us, who assisted Plan fighters inside the country, going to be awarded veterans' status?
 WE also want to enjoy the fruits of independence like those who fought bravely like us for our lovely and beautiful country Namibia.
 THE Outapi police officers forgot their duties a long time ago. You can report a case and they remain passive. “No transport”, is the only answer they give.
 IS Nantu aware that teachers in Otjozondjupa region are not getting their annual salary increases? We tried in vain to get our money. Nantu, please intervene as soon as possible.
POLL
In light of recent media reports, do you think the fisheries sector is in crisis?

1. No, it's just a media storm

2. Yes, sack the minister

3. Maybe, but do we have all the info yet?

4. Never! Namibians are getting empowered


Results so far:
 Older Polls

FRONT PAGE | 2011-10-07
Banks Commit 'Daylight Robbery'
ALLOW me to give information on how the private lending institutions are ripping off our hard earned money. A typical real loan of N$9000 (nine thousand dollars) taken at a commercial bank reveals the following:
Cash amount received: N$9000.00
Stamp duties     11.00
Namfisa    90.00
Credit life insurance    1628.64
Bank admin fees    180.00
Administration fees 540.00
Finance charges 15.05%    2849.20
Total     14 298.84
The above total loan of N$9000.00 amounted to N$14298.84 and was repaid from February 2011 till January 2014, in 36 months (i.e. 3 years) for N$397.19 each month. As if the charges are not enough, the bank adds 2% of the instalment plus VAT of N$9.14 (this amount is paid to the administrator of the government payroll deduction system).
The new total deduction will be N$406.33 per month for 3 years.
In terms of the contract, you the borrower, will be punished for paying off the loan early. Is this really legal?
How can I be punished when I am willing to pay sooner? I thought that it makes common sense since I will not be owing until 2014. But no, to the banks it does not make economic sense.
This is daylight robbery, hence the change to the old Usury Act still been used in Namibia is needed.

F X Shikongo
By e-mail

         


Electoral Commission of Namibia (5.45MB)
IJG Daily Bulletin

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