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

Zimbabwe on high alert for Ebola

2026-06-02 16:24:43

Government extends winter wheat planting deadline

2026-06-02 16:15:13

Zimbabwe farmers sell close to 300 million kg of tobacco despite continued price drop

2026-06-02 16:13:26

SADC Urged to Strengthen Food Security, Climate Resilience Amid Global Supply Disruptions

2026-06-01 11:25:41

Garwe directs councils to suspend workshops

2026-06-01 11:15:15

Zim MSMEs Urged to Pay Taxes, Regularise Operations

2026-06-01 09:59:15

Namibia strengthens trade relations with Zambia at CAMINEX 2026

2026-05-27 14:02:31

Intra-African trade can drive Namibia’s economic transformation: Mene

2026-05-26 13:33:02

PACs should account for public funds: Kuugongelwa-Amadhila

2026-05-20 16:46:03

Namibia retains second position in southern Africa startup rankings

2026-05-19 16:34:27

BoN strengthens cooperation with African central banks

2026-05-19 08:33:38

Latest NAMPA photos

WINDHOEK, 04 June 2026 - Minister of MICT, Emma Theofelus, speaking at the launch of effective communicators conference in Windhoek on Thursday. (Photo by: Chelva Wells) NAMPA

NAMPA

WINDHOEK, 04 June 2026 - Namibia Press Agency acting editorial manager and head of commercial, Confidence Musariri, speaking at the launch of effective communicators conference in Windhoek on Thursday. (Photo by: Chelva Wells) NAMPA

NAMPA

WINDHOEK, 04 June 2026 - Namibia Press Agency acting CEO, Jata Kazondu, speaking at the launch of effective communicators conference in Windhoek on Thursday. (Photo by: Chelva Wells) NAMPA

NAMPA

WINDHOEK, 04 June 2026 - Namibia Press Agency Board Chairperson, Kauli Nghishitende, speaking at the launch of effective communicators conference in Windhoek on Thursday. (Photo by: Chelva Wells) NAMPA

NAMPA

WINDHOEK, 03 JUNE 2026 - Project Never Walk Alone Ambassador Rebekka Nghilalulwa. (Photo: Contributed) NAMPA

NAMPA

WINDHOEK, 03 JUNE 2026 - Mindsinaction STEAM Coordinator, Petrus Amutenya. (Photo: Contributed) NAMPA

NAMPA

WINDHOEK, 01 June 2026 - The Namibia Airports Company (NAC) in partnership with Air Connect Namibia received a significant boost on Monday with the arrival of the inaugural Edelweiss direct flight from Zurich, Switzerland, to the Hosea Kutako International Airport. (Photo: Contributed)

NAMPA

WINDHOEK, 02 JUN (NAMPA) – Kavehoerer Chris Murangi and Mbeuta Ua-Ndjarakana of the newly launched Genocide Reparations Advocacy Forum (GRAF). (Photo by: Uakutura Kambaekua) NAMPA.

NAMPA