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CAPITAL EQUIPMENT NEWS

JANUARY 2017

22

F

ollowing the exclusion of

vehicles not designed for

public road use, such as

tracked vehicles, quad bikes

and forklifts, to mention a

few, from the Electronic National Traffic

Information System (eNaTIS), a new

concept platform currently under trial, the

Southern African Movable Asset Register

(SAMAR), is designed to allow contractors,

original equipment manufacturers (OEMs),

importers, builders, banks and insurers,

as well as the general public to control

title and ownership of all movable assets,

including yellow metal equipment and

other gear used in the construction,

mining, quarrying, agriculture and plant

hire markets.

For some background information,

Regulation 5 of the National Traffic Act

of 1996 (Act 3 of 1996) stipulates that

certain motor vehicles are not allowed to

be registered on eNaTIS. “The vehicles

prescribed in this regulation are those

not designed for public road use, in other

words, vehicles that cannot legally pass a

roadworthy test, such as tracked vehicles

and forklifts,” says Kyle Dutton of SAMAR.

In the banks’ controls suites, the use of

“title” on an eNaTIS registration document

is used as confirmation of the particular

bank’s interest in an asset. By denying

access to eNaTIS for assets such as yellow

metal equipment, the ability to apply

“title” has been effectively withdrawn,

reasons Dutton.

This has since brought about the

development of SAMAR, at the request of

several of the local banks and importers

of construction equipment. SAMAR is

deemed as a practical solution to the

impasse created by the legislation. Risk

officials at several of the participating

institutions have asked for the use of

The exclusion of vehicles not designed for public road use, such as yellow

metal equipment and forklifts, from registration on the Electronic National

Traffic Information System created a gap to effectively manage and control

title and ownership of such high-risk, high-value moveable assets. The newly-

created Southern Africa Moveable Assets Register has been designed to bridge

this gap with its ability to offer registration and verification of information

related to moveable assets, on a common platform, writes

Munesu Shoko

.

SAMAR is designed to allow contractors, OEMs,

importers, builders, banks and insurers, as well as

the general public to control title and ownership of all

movable assets such as yellow metal equipment.

BRIDGING

THE CAPITAL

EQUIPMENT REGISTRY GAP