NSSA – newzimbabwevision

NSSA Launches , ‘National Building Society'(NBS) Offering The Lowest Mortgage Interest Rates

Posted on May 20, 2016 by newzimbabwevision

THE National Building Society (NBS) opened its doors yesterday, offering the lowest interest rates of 9,5% for mortgage lending, with a tenure of 25 years, the longest on the market. Mortgage lending in the market hovers at around 12%, with a maximum tenure of 20 years. Speaking at the opening of the institution, NBS’s managing director, Ken Chitando said the society was targeting 2 000 housing units annually. “We will be looking at the market…

ZDF &, Chinese Investor At Loggerheads Over Multimillion Dollar Borrowdale Long Cheng Plaza Mall

Posted on January 8, 2016January 8, 2016 by newzimbabwevision

A rift has developed between the Ministry of Defence ministry and a Chinese investor over a multi-million dollar shopping mall after the army unilaterally used the property as collateral to secure a US15,8 million loan on behalf of a local communications service firm, the Zimbabwe Independent has learnt. Information at hand shows that the Chinese investors, co-owners in Long Cheng Plaza, located in the capital, are unhappy with government’s decision to act as a guarantor…