Longer term to pay off your wheels

14 September 2020 | Motors

The ministry of industrialisation and trade (MIT) has amended the Credit Agreement Regulations to extend the period of payment for motor vehicles from 54 months to 72 months.
MIT executive director, Ambassador Steve Katjiuanjo, said the amendment took effect on 1 September 2020. “The period for payment of mechanically-propelled motor vehicles from the date of delivery has been amended from 54 months up to 72 months.”
He said the amendments were necessitated by the fact that the economy has been contracting for the past four years and that this state of events was further compounded by the outbreak of Covid-19.
“Government has been coming up with strategies that are aimed at resuscitating the economy, while at the same time cushioning consumers against the effects of the global economic downturn,” Katjiuanjo said, adding that the adjustment is aimed at providing relief to consumers.
However, customers whose income has not been adversely affected are advised and encouraged to maintain their current instalments. – Nampa

Similar News

 

The Beast hits Namibian soil

2 months ago - 29 June 2020 | Motors

In spite of the havoc that the coronavirus has created, Auas Motors now debuts the first Isuzu D-Max Arctic AT35 in Namibia.The limited edition 3-litre...

Nuwe Toyota Corolla – die staatmaker nou nóg beter

3 months ago - 01 June 2020 | Motors

Kaapstad • Dirk GallowitzDie wêreld sonder ’n Toyota Corolla is omtrent soos ’n leefstyl sonder rugby en braaivleis – dit is nou in ’n Suid-Afrikaanse...

Isuzu brei D-Max 250 reeks met outokaste uit

6 months ago - 13 March 2020 | Motors

Kaapstad • Dirk Gallowitz Toe General Motors – wat Isuzu bakkies plaaslik versprei het – in 2017 uit SA onttrek, was Isuzu-eienaars bekommerd dat die...

Making its mark in Namibia

6 months ago - 02 March 2020 | Motors

Nors is a Portuguese group whose vision is to be a world leader in transport solutions, and construction and agricultural equipment. In Africa, the Nors...

Renault verras met bekostigbare Triber

6 months ago - 28 February 2020 | Motors

Durban • Dirk GallowitzDit bly effe van ’n goëlbal – dis nou daai aflewering wat jou só tref dat jy wonder waar het jy dit...

Cars need speed control devices – NUDO

6 months ago - 28 February 2020 | Motors

Acting secretary general of the National Unity Democratic Organisation (NUDO) Youth League, Veparura Kandirikirira wants speed limiting and emergency braking technologies fitted in all cars...

Warm Hyundai i30N laat harte vinniger klop

7 months ago - 20 February 2020 | Motors

Kaapstad • Dirk GallowitzDrie jaar ná die i30N in 2017 by die Frankfurt Motorskou sy buiging gemaak het, is dit begin Februarie ten einde laaste...

Volkswagen T-Cross – Prettige buks wat harte verower

7 months ago - 31 January 2020 | Motors

Dirk GallowitzTerwyl motorkopers wêreldwyd na bekostigbare kompakte sportsnutse neig wat suinig op die beursie loop, sal vervaardigers wat daarin slaag om die regte kombinasies in...

Mahindra se Pik (me) Up S11

7 months ago - 23 January 2020 | Motors

Dirk GallowitzMahindra het sopas hul Pik Up S11 met outomatiese ratkas in Suider-Afrika bekendgestel – die eerste land in die wêreld om dit te doen.Mahindra...

Hyundai se nuwe Venue

9 months ago - 11 December 2019 | Motors

Kaapstad • Dirk Gallowitz Kompakte es-joe-wees is tans die gewildste onder motorkopers. Ekonomies, bekostigbaar en moderne vervoer waarmee weeksdae die tekkie op die teerpad tjank...

Latest News

Qatar also heading back to...

3 days ago - 17 September 2020 | Transport

Come 15 October, Qatar Airways will be flying to Windhoek three times a week again.The announcement came earlier today, and follows the decision by Eurowings...

Sen Pang leads UN Namibia

3 days ago - 17 September 2020 | People

Sen Pang, the newly appointed United Nations Resident Coordinator in Namibia, was received at State House, where he handed over his Letter of Credence and...

Informal market coming for Havana

3 days ago - 17 September 2020 | Infrastructure

Windhoek mayor Fransina Kahungu said the city received a pledge of N$5 million from the ministry of industrialisation, trade and SME development to help build...

Eurowings makes a Namibian return

3 days ago - 17 September 2020 | Transport

Eurowings will resume their Frankfurt-Windhoek route this weekend, with the first flight landing at the Hosea Kutako International Airport (HKIA) on Sunday.In a media statement,...

Another Air Namibia resignation

3 days ago - 17 September 2020 | Business

The national airline’s chief financial officer Werner Schuckmann has tendered his resignation with effect 30 September 2020.The process to recruit a substantive chief financial officer...

Card fraud on the increase

3 days ago - 17 September 2020 | Opinion

Windhoek • Riaan ViljoenDuring the lockdown, a whole new generation of users discovered the joys and convenience of online shopping.Worldwide, online debit or credit card...

Masking Namibia

3 days ago - 17 September 2020 | Social Issues

Local social impact agency, Arba Stature, in partnership with Namibia Breweries Limited (NBL) donated 2253 face masks to 25 schools through its #CoverNamibia campaign.Designed to...

GIPF says investments safe

3 days ago - 17 September 2020 | Economics

The Government Institutions Pension Fund (GIPF) said that it is aware of the de-registration of the Baobab Capital (Pty) Ltd (the fund manager) and Baobab...

International accolade for EIF

4 days ago - 16 September 2020 | Environment

The Environmental Investment Fund of Namibia (EIF) received a certificate of merit for outstanding Sustainable Project Financing at the Karlsruhe Sustainable Finance Awards, recognising its...

Load More