The Deputy Minister of Finance, Natangwe Ithete, has slammed the banking industry for contributing to high property prices and said that regulatory bodies and policies are needed to change this, while he also blasted those advocating for gay rights on the continent.
He was speaking during a meeting with Finance and Customs and Excise officials in Walvis Bay on Monday.
“Banking institutions allow people to sell properties and buy into the ridiculously high prices determined by valuators who are over-valuating properties.
Read more about Banks and estate agents in firing line
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