Namibians to pay more, wait longer for SA EFT transactions

NAMPA

2024-09-04

WINDHOEK, 04 September 2024 - Bank of Namibia Principal Economist for Payments Policy Research and Analyis, Henock Shilongo. (Photo: Contributed)

WINDHOEK, 04 SEP (NAMPA) – Namibians intending to send money to South Africa through electronic fund transfers will have to pay more bank charges and wait longer for the money to reflect.
This follows a decision by the Common Monetary Area (CMA) regulators to discontinue processing electronic fund transfer (EFT) payments and collections within the CMA, effective 09 September 2024.
The Bank of Namibia (BoN) has, however, extended the date to 30...

Restricted content

Africa

Namibia assumes AFUR leadership

2026-03-27 09:06:54

Diplomats celebrate Namibia's Independence Day

2026-03-22 08:09:03

Boko commits to strengthening ties with Namibia

2026-03-20 16:27:01

Africa's lack of political will hinders economic growth: !Nawases-Taeyele

2026-03-18 08:55:12

Namibia to operationalise Walvis Bay Corridor secretariat in April

2026-03-13 15:49:00

Zaamwani to chair SASSCAL Council of Ministers

2026-03-12 17:04:34

Nipam to host second AMDIN annual conference

2026-03-12 11:20:26

Namibia commemorates African Peer Review Mechanism Day

2026-03-10 18:42:52

African leaders stress cooperation in parliamentary governance

2026-03-05 18:41:23

VP advocates for stronger African parliaments

2026-03-05 14:24:20

MTC, BoFiNet sign MoU to enhance digital connectivity between Namibia, Botswana

2026-02-18 12:17:15

Latest NAMPA photos

Etosha, 28 March- Director General for National planning, Kaire Mbuede. (Photo by Eba Kandovazu). NAMPA

NAMPA

ETOSHA, 28 March- Germany’s Ambassador to Namibia, Thorsten Hutter. (Photo by Eba Kandovazu). NAMPA

NAMPA

Etosha, 28 MARCH- Volunteers at the Ombika solid waste management during the inauguration of the facility. (Photo by Eba Kandovazu).NAMPA

NAMPA

ETOSHA, 27 March- Minister of Environment, Forestry and Tourism, Indileni Daniel. (Photo by Eba Kandovazu). NAMPA

NAMPA

28 March, Etosha- KFW Development Bank Country Representative, Beatrice Lucke. (Photo by Eba Kandovazu). NAMPA

NAMPA

WINHOEK, 28 March 2025 - Namibia Airports Company's Communications and Marketing Officer, Dan Kamati. (Photo: Contributed) NAMPA

NAMPA

WINDHOEK, 26 March 2026 - Vice president Lucia Witbooi (second from left) receives donated equipment bound for Mokganedi Tlhabanelo High School from Pupkewitz Megabuild's Financial Director, Danie Du Toit (right). (Photo by: Ali Negumbo) NAMPA

NAMPA

KARIBIB, 20 March 2026 - Chief Executive Officer of the Karibib Town Council Tangeni Enkono. (Photo by: Isabel Bento) NAMPA

NAMPA