Property Group Save Namibia (PGSN)

BoN targeting the goose intent on laying golden eggs in affordable housing

Kae Matundu-Tjiparuro Property Group Save Namibia (PGSN) seems to be sending shock waves through the Namibian property market, especially the housing market. To the extent that before they have properly taken off they have been inviting the undue attention of the country’s central bank. Surely the Bank of Namibia (BoN) cannot and should not be the one having a brief with PGSN, not given the PGSN noble goal, which is to help provide affordable houses if not decent shelters. Yes, the PGSN as yet may not provide for houses towards the lowest end of the housing market, meaning to those…
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