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Decrease in Interest Rates
The Board of Directors of the Agribank, by a resolution
dated 25 February 2004, decreased interest rates with
effect from 15 March 2004 as follows:-
Long-term loans to decrease by 0.50% from 10.25%
to 09.75%
Medium-term loans to decrease by 0.50% from 10.75%
to 10.25%
Short-term loans to decrease by 0.50% from 11.75%
to 11.25%
National Agricultural Credit Programme (NACP) loans
to decrease by 0.50% from 10.25% to 09.75%
The above rate decreases will be monthly compounded
and adjustments on client accounts will be effected by
15 March 2004.
INVITATION TO TENDER
Tenders are hereby invited
for the purchase of the following
residential property together
with improvements:
Certain Erf No. 105
Situated in the Town
Kamanjab
Registration Division “A”
Measuring 1138 m 2
(One thousand one hundred
and thirty eight) Square
Meters
Held by Deed of Transfer
No. T 1033/1981
Tender Documents are available
at Agra Head Office,
8 Bessemer St. Southern
Industrial Area Windhoek or
North-West General Dealer,
Kamanjab (Old Agra Branch)
Closing Date: Tenders must
be submitted before Friday
16 April 2004 by 12:00 at Agra
Head Office, 8 Bessemer St.
Southern Industrial Area,
Windhoek.
Contact Person: Mr M Holdt
Senior Manager:
Agra Properties
Tel: (061) 290 9205
Fax: (061) 290 9250
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IFTF RELEASES LATEST FUR SALES FIGURES – Worldwide Trade Continues To Rise
According to the latest survey undertaken by the International Fur Trade Federation (IFTF)
the global value of retail sales of fur garments, trim and accessories increased by some 4% in
the year 2002-2003 to a figure of $11.3 billion.
The figure, which covers the sale of fur in the 29 countries represented within IFTF’s membership,
marks the fifth annual increase since IFTF began compiling annual results.
“The increase in turnover represents a very strong achievement, considering the
economic difficulties faced by a number of countries included in the survey”,
commented IFTF Chairman Andreas Lenhart. “The fur trade has in fact done remarkably well
in the present climate, when many luxury brands have been having a very tough time.” Mr.
Lenhart went on to explain that the fur trade is holding its own so well because the sector has
transformed and re-invented fur to meet the needs and desires of the modern customer. New
techniques in manufacturing and dressing fur mean that it now has a lightness and versatility
that makes it ever more attractive to designers and consumers alike.
For further details: pressoffice@iftf.com
4 Maart/March 2004
www.agra.com.na