residents to sign soon
The KZNPA’s Housing Department has relented and will allow KwaMasixhawulane
residents to choose the rent-to-buy option should they wish to purchase
the houses they have been occupying since 1993.
This option is known as option 4\87. It is an option that was available
in 1987 when the houses were built. It was originally intended for
the benefit of the poorest of the poor among the Indian community.
The approval of this option means that even the unemployed and the
pensioners will now have the opportunity to purchase their KwaMasixhawulane
houses. Members of the Wiggins Housing Committee are at present
assisting community members to enlist for this option. When this
process is concluded residents will begin signing sales agreements.
An important fact to note is that the subsidy system will be applied
differently for this option. The subsidy will be used to subsidise
your monthly repayment.
Residents who choose option 4\87 have a 30-year period to pay for
their houses. The interest is set at 13,5% per annum.
People who choose to take out a bond to pay for their house will
be granted their full subsidy up front (as long as they qualify
for a subsidy).
Residents who choose the rent-to-buy option will not be required
to travel to KZNPA offices as committee members will be visiting
each area to help residents fill out the forms.
a road accident lately?
Many people who are involved in road accidents are left destitute
due to injuries sustained. More often than not people do not know
that they can claim from the Road Accident Fund. Road accident victims
are entitled to compensation irrespective of whether they were driving
or just a passenger.
of the Bellair Centre has come as a blessing to road accident victims.
One of the tenants in the centre is a company called MVA Logistics.
This company aims to assist people in applying for compensation
from the Road Accident Fund. The service to their clients is free
of charge. The catch however is that the claim must be legitimate,
i.e the claimant must have medical records and a case number from
the police. “People have suffered because of their ignorance. Most
of them fall prey to unscrupulous individuals who take a large share
of the claims,” said Clement Morugan, the branch manager of MVA
Logistics. Claim forms are filled out and are handed over to one
of five attorneys that are working hand in hand with MVA Logistics.
When the claim is successful the attorneys will charge a percentage
of the total money paid out.
demand for stalls at Bellair informal market
Applications for stalls at the new Bellair Road market closed
on 17th June, and 631 applications were received. Due to the large
numbers of applications to be considered, the Department of Informal
Trade has requested the assistance of CMDA in establishing a data
base with the application details, which will simplify the selection
process. A short-list will be drawn up and interviews with those
candidates will be held by the Dept of Informal Trade, who will
then finalise the selection. The process has taken longer than originally
anticipated and the Department has indicated that the market will
not be able to open for business until October 2000. Wim Eising,
CMDA Manager, Economic Development, says that the choice of traders
has to be very carefully considered, in order to create the right
balance between retail and manufacturing so that job creation is
promoted, and the market has a mix of tenants who will attract shoppers.