an investigation into the factors inhibiting growth of real estate investmn=ents by statutory pension funds

DECLARATION
I, Cindy N. Libanda, do declare that this dissertation is wholly the work of my own, that all the sources of information have been duly acknowledged and that this work has never been produced or submitted at this university or indeed any other for similar purposes.

Author‟s signature……………………… Date ……………………………….
(Student: Cindy N. Libanda)

Supervisors signature ...............................Date.....................................................
(Supervisor: Mr. N. Mbandama)

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DEDICATION
To my beloved mum (Etambuyu Hildah Mubita) and above all God Almighty who has been my Ebenezar.

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ACKNOWLEDGEMENTS
I am indebted to the following individuals for the contributions made toward the preparation of this paper: my supervisor Mr. N. Mbandama for the direction and advice rendered during the whole research process. I also want to thank Mr. C. Munyonzwe
(CBU), Mr. Simwanza (PSPF) and Miss Patience (LASF) for being supportive in numerous ways; all the lecturers in the Department of Accounting and Finance who taught me.
My heartfelt appreciation goes to my beloved family, mum (Etambuyu H. Mubita), siblings (Wellington and Cynthia), Aunties (Inonge M, Likando M, Elizabeth M, Nalucha
M, Namukolo M), Uncles (Lutangu M, Rabson K), Cousins (Brenda K), who rendered me financial, spiritual and moral support during the preparation of this paper.
Lastly but not the least, Doubt Chibeya; CBU SDA Campus Ministries, classmates and friends: Rhoda Phiri, Towera Musukwa, Evans Zulu, Nobu Kwibisa, Suzyo Chirwa,
Donalia Tembo, Chisala Chamba, Chishimba Chalwe, Nachambwa Lumaamba, Cliff
Mooya, Emelda Bwalya, Enock Banda, Briven Simaundu, Chilombo Chila and my roomates for their support and encouragement.

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LIST OF FIGURES
Figure 1: shows the proportion real estate investments undertaken by NAPSA relative to
other

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