Harare turning to be a drug den

-
  Harare, once known for its vibrant culture and rich history, has now become a drug den that is destroying the lives of its younger generation. The once bustling streets are now filled with the sounds of drug deals being made, and the sweet smell of addiction hangs heavy in the air. I have watched as my city has deteriorated before my eyes, and the saddest part is that we are losing these young people to the grasp of drugs. I have seen bright futures dimmed by the haze of addiction, and promising lives cut short by the poison that flows through their veins. Just last week, I buried one of my young ones who had so much potential. She was a talented bubly girl, with dreams of running her own business and traveling the world. But those dreams were shattered by the lure of drugs, and she became another victim of Harare's cruel grip. As I stood by her graveside, watching as the earth swallowed her up, I felt a sense of deep sadness and pain. The loss of her bright spirit was a blow to ...
Post a Comment

Nedbank rewards two borrowers with loan settlements

-

 BUSINESS REPORT

COMPANIES
ACCORDING to the bank, it settled Jennifer van Tonder’s personal loan and Naomi Rheeder’s home loan after they were identified as having demonstrated consistent management of their respective loan accounts. | Nadine Hutton, Bloomberg.
ACCORDING to the bank, it settled Jennifer van Tonder’s personal loan and Naomi Rheeder’s home loan after they were identified as having demonstrated consistent management of their respective loan accounts. | Nadine Hutton, Bloomberg.

Nedbank rewards two borrowers with loan settlements

By BR Reporter Time of article published May 11, 2021

Two Nedbank customers had their loans settled by the bank through its Greenbacks programme after they continued paying their instalments through the Coronavirus pandemic.

According to the bank, it settled Jennifer van Tonder’s personal loan and Naomi Rheeder’s home loan after they were identified as having demonstrated consistent management of their respective loan accounts.

The bank said the two customers managed to continue making payments, even through the pandemic and its associated economic crisis.

Nedbank said the Greenbacks programme encouraged good money management, particularly loan management under the Responsible Borrower package.

“This package is linked to Nedbank Home Loans, Personal Loans, and Vehicle Asset Finance offerings and is free to join, with customers rewarded through a competition mechanism,” it said.

According to the bank, clients were entered into a quarterly competition for their qualifying loan products.

“The eligibility for the quarterly competition is to have all respective instalment payments for each qualifying loan product paid up for the full quarter, with the prize being a settlement on the outstanding balance of the loan up to the value of R1.5 million. The higher the customers’ level in the programme, the more entries they get into the competition and the greater their chances of winning,” added the bank.

Nedbank executive for loyalty and rewards Dharmesh Bhana said: “This is compelling to consumers, who were rewarded for practising sound money management.

“For the bank, the obvious benefit is a reduction in default rates, but over the long-term, consumers reap the benefits of making smarter lending choices and managing their debt obligations well, supporting a strong credit record, as well as the chance to reap life-changing rewards, like winning your Home Loan back, as an example,” he said.

Rheeder said: “Since Lockdown started in March 2020, I was concerned about what would happen and if I would still have a job. I made sure that I had some provisions in case something happened, so I would only buy what I needed and save money to cover unexpected expenses over several months.

“My husband and I were lucky to keep our jobs, but some of our family members weren’t as fortunate. So, after we covered our home loan and other obligations, we helped them where we could. My husband also helped and collected clothes and food for homeless people who were living in a nearby park,” she said.

ADVERTISING

Van Tonder, who took out the personal loan to help her daughter with a dental procedure, said: “I was lucky to keep my job, although still working from home. Some people were not as fortunate, and others struggled to manage their finances to prepare for the hard times.

“It takes a strong and disciplined person to manage debt and personal finances. Besides the pandemic, the economy was very depressed and as the country recovers, people need to save more for the future,” she added.

BUSINESS REPORT ONLINE

FINANCIAL AND BUSINESS SERVICECAPE FLATS

SHARE THIS ARTICLE:

Comments

Post a Comment

Popular posts from this blog

MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions

-
Image
  USINESS REPORT COMPANIES MultiChoice’s black economic empowerment scheme is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. Picture: Karen Sandison/African News Agency(ANA) MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions By Edward West   Feb 16, 2021 CAPE TOWN - PHUTUMA Nathi, the MultiChoice black economic empowerment scheme of more than 80 000 shareholders, is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. “This money belongs to our shareholders. We’re calling on them to contact us to get their money. In these tough economic times we want to do everything in our power to give them what is rightfully theirs,” Phuthuma Nathi chairperson Mandla Langa said in a statement yesterday. Phuthuma Nathi has been paying dividends every year since the start of the scheme in 2006. Am...
Read more

Car Hijackings in South Africa.

-
 Being a resident of the South African Community, l have came to realize that in some cases we have Car hijackings that will leave one to wonder what will have happened and where did those robbers comes from. The events unfold in a very fast and violent  manner which no-one will be prepared for. Its so traumatic, horrific and in some cases individuals end up loosing their lives.  l realized that these individuals who carry out such bad things works with someone who either will be seeing you close by or else you will be drinking on the same counter in a bar and he is relaying the information to those waiting for you outside. It's so unfortunate that some people that we meet are not there for the social life that you go for. They are on a mission to take you down. It is difficult to raise public awareness and advise people to be vigilant. However a few tips can try to raise awareness such as if you see that you are being followed drive to the nearest police station. In publ...
Read more

Which countries have the world’s largest coal reserves?

-
Image
  Visual Capitalist Elements   | September 15, 2021 | 8:58 am   Intelligence   Australia   USA   Coal   The Countries With the Largest Coal Reserves Cheap and abundant coal remains one of the largest sources of energy worldwide, even as governments set out goals to reduce greenhouse gas emissions. While jurisdictions in Europe and North America have been phasing out coal use in power generation, it has been on the rise in Asia. China and India are scrambling to provide electricity to a growing population and relying on coal power plants to meet demands despite the environmental costs. SIGN UP FOR THE ENERGY DIGEST Sign Up This infographic takes a look into the  BP Statistical Review of World Energy 2021 , and the 11 countries that make up  89%  of the coal reserves globally. Coal Reserves, by Country While countries need to phase out coal by 2040 to achieve the Paris Agreement goal of limiting global warming to 1.5ºC, consumption in key ...
Read more