Old Mutual Scraps Payslip Requirement For Stand Buyers

An Old Mutual Group official who spoke to The Chronicle on condition of anonymity said the group has scrapped the requirement for payslips on potential residential stand buyers at its Pumula South and Nkulumane housing project in Bulawayo.

Said the Old Mutual official:

There is no need for a pay slip as long as the buyer has all the requirements needed. These requirements include a national identity card, 30 percent deposit and one needs to be registered with the City Council and be on the housing list.

Old Mutual Group has engaged private contractors to service the stands, pegged at various sizes and cost $20 to $30 per square metre. Beneficiaries under the scheme are to pay the balance over 12 months for the stands which are being serviced under a Public Private Partnership (PPP) agreement with the Bulawayo City Council.

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