24 / 44
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“title” has been effectively withdrawn,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