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*Govt gazettes Movable Property Security Interests Act* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?pa Government gazetted the Movable Property Security Interests Act on November 28, which will see individuals use their movable properties as collateral in accessing loans. The Act will become operational on a date to be set by President Robert Mugabe via a statutory instrument. Part of the Act allows for the creation of a a department of the Reserve Bank to be known as the Collateral Registry whose duty will be to facilitate commerce, industry and other socio-economic activities by enabling individuals and businesses to utilise their movable property as collateral for credit. ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- The registry is a welcome development for micro, small to medium enterprises (MSMEs) who have been failing to access funding due to financiers’ demands for immovable collateral like houses. More: Chronicle itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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