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“Housing Loan Guarantee Scheme For Security Service Officers To Purchase Houses In Areas Of Choice”

Finance and Economic Development Minister, Professor Mthuli Ncube announced this Monday that the government had introduced a Housing Loan Guarantee Scheme to enable security services sector members to purchase houses in the areas of their choice.

Ncube made the announcement at a press conference held in Harare where he also announced several other measures to stabilise the economy. He said:

Security Sector.

Government values the critical role played by the security services in the economy. Substantial progress has been made in ensuring competitive remuneration and general improvement of the conditions of service for members in the security sector.

• Government has introduced military salary concept and its equivalent, across the security cluster, covering various categories of benefits.

• In addition, Government has accelerated the acquisition of operational vehicles for middle management.

• Government is also instituting immediate measures to increase access to institutional housing and transportation for serving members of the security services.

• The security services sector also has access to the Housing Loan Guarantee Scheme to enable members to purchase houses in the areas of their choice, under the frameworks being finalised by the service Commissions and the respective, participating Financial institutions.

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