SAMAR - The Southern African Movable Asset Register
Property identification is essential for both financiers and insurers. The total value of non-motor related movable assets financed and insured is substantial. The identification of these assets in instances where the purchaser owing, and/or in instances of loss due to theft, is problematic for both financier and insurer.
In 2011 the IPPP committee, instructed the NRCS to adhere to legislation and stop providing eNaTIS model numbers for those vehicles prescribed in Regulation 5. The vehicles so prescribed are vehicles not designed for public road use, in other words, vehicles that cannot legally pass a roadworthy test.
SAMAR allows manufacturers, importers, builders, banks, insurers and the public to control title and ownership of movable assets that would in time allow for improved control over movable assets in the Users of the system can anticipate improved availability of personal and commercial financing of movable assets.
Property identification is essential for both financiers, and insurers. The total value of non-motor related movable assets financed and insured, is substantial. The identification of these assets in instances where the purchaser owing, and/or in instances of loss due to theft, is problematic for both financier and insurer.
The process.
MIBTrack from BBRTC (Pty) Ltd, is a control solution for the introduction of models for Vehicle Manufacturers, Importers and Builders (MIBs), as well as their dealer network, in the South African market. The Manufacturer, Importer and Builder Tracking System keeps track of vehicles from manufacture/import, through an introduction to eNaTIS, allocation to dealer, and up to first registration. The system allows for interaction between dealership and OEM to confirm that the vehicle information was captured correctly before the release for first registration takes place.