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Rental Control does “More Harm than Good”

In a meeting between Affirmative Repositioning Movement (AR) and President Hage Geingob on 11 April 2016 at State House, it was agreed that Hon. Prime Minister Saara Kuugongelwa-Amadhila in line with Section 33 of the Estate Agents Act 11/1976, summon the Namibian Estate Agents Board to review and address the escalating property prices (tariffs), before 1 August 2016.

It was also agreed to operate a Rental Control Board as provided for, by the Rent Ordinance of 13/1977 as a matter of urgency.

In Spotlight News this week we bring you the outcome of the meeting between the Affirmative Repositioning Movement (AR) and His Excellency President Hage Geingob regarding rental control in Namibia. 99FM’s Maggie Forcelledo also sat down with Suta Kavari Investment Strategist at Capricorn Asset Management Investment as well as Anne Thandeka Gebhardt, Namibian Estate Agents Board Chairperson.