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

SACU leaders establish N.dollars 5 billion fund for regional resilience

2026-06-27 11:21:18

Namibia tops Africa in blood collection

2026-06-26 14:17:37

Namibia, Tanzania deepen bilateral ties

2026-06-21 11:17:22

Namibia’s enduring quest for restorative justice remains personal: NNN

2026-06-19 20:44:53

President Nandi-Ndaitwah to attend Ghana conference, visit Tanzania

2026-06-16 15:30:52

Nandi-Ndaitwah calls for action against child abuse

2026-06-16 10:59:21

Namibia stands out as 'high achiever' in African Performance Index

2026-06-12 09:18:44

AfCFTA, AIDA assessment reveals US.dollars 816 million in untapped African export opportunities

2026-06-12 09:11:45

Nandi-Ndaitwah receives letters of credence from heads of mission

2026-06-11 18:28:59

Namibia launches AIDA-AfCFTA impact assessment report

2026-06-11 18:14:31

Theofelus attending ANGOTIC 2026 to strengthen digital cooperation with Angola

2026-06-11 15:00:02

Latest NAMPA photos

WINDHOEK, 26 June 2026 - The government achieved a significant milestone by officially launching the revised National Resettlement Policy (2023–2033) on Friday in Windhoek. (Photo: Contributed) NAMPA.

NAMPA

CAPE TOWN, 26 June 2026 - SACU leaders concluded their 9th Summit on Friday. Pictured: Advocate Duma Boko (Botswana), Dr Netumbo Nandi-Ndaitwah (Namibia), Cyril Matamela Ramaphosa (South Africa), King Mswati III (Eswatini), and Samuel Ntsokoane Matekane (Lesotho), met in South Africa to strengthen regional value chains and finalise the bloc’s strategic development plans. (Photo: Namibia Presidency) NAMPA.

NAMPA

SWAKOPMUND, 25 June 2026 - Walvis Bay Private School was awarded Peer Promoter and the School Award during the Namibia Blood Transfusion Service (NAMBTS) Erongo Donor Awards ceremony that took place in Swakopmund. (Photo by: Isabel Bento) NAMPA

NAMPA

WINDHOEK, 26 June 2026 - President Netumbo Nandi-Ndaitwah has departed for Cape Town, South Africa, to participate in the 9th SACU Summit of Heads of State and Government. (Photo: Contributed) NAMPA.

NAMPA

WINDHOEK, 01 December 2025 - Khomas Governor Sam Nujoma has reported that the region is close to meeting the UN's 95 percent HIV status awareness target, adopted by Member States in June 2021. (Photo: Contributed) NAMPA.

NAMPA

WINDHOEK, 11 November 2025 - The upgrade of the Windhoek-Okahandja Section 4A road to dual carriageway freeway standard has been completed at a contract value of approximately N$1 billion, creating 379 jobs, as Khomas Region’s active roads programme now spans contracts exceeding N$1.9 billion across four major projects. (Photo contributed) NAMPA

NAMPA