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*Govt gazettes Movable Property Security Interests Act* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?fb 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. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- 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 _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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