28
Jun
Niël Terblanché The sale in execution of banking procedures to reduce debt owed by people, who have fallen on hard times, has left many Namibians without a roof over their heads. Johannes !Gawaxab, the Governor of Namibia’s central bank, has responded to niggling questions about the draconian judicial steps taken against people who default on their home loans and added that the BoN has taken note of the concern that some commercial banks in Namibia purchase properties at a low cost during the sale in execution process and may omit to credit the home loan debt with the amount obtained…