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 leads push for AI use in improved water service delivery

2026-04-01 11:57:25

Diplomats celebrate Namibia's Independence Day

2026-04-01 09:43:15

Nandi-Ndaitwah sends condolences to Algeria over former president’s death

2026-04-01 09:18:02

Namibia assumes AFUR leadership

2026-03-27 09:06:54

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

Latest NAMPA photos

CHAM-CHAM, 01 April 2026 - Water tanks at Cham-Cham village in the Oshikoto Region. (Photo by: Max Henrich) NAMPA

NAMPA

SIBBINDA, 31 April 2026 - Deputy Executive Director in the Ministry of Environment, Forestry and Tourism, Colgar Sikopo (left) responding to some of the flash floods victims' concerns on human-wildlife conflict at the Sibbinda relocation camp. Pictured with him is Constituency Councillor Matengu Nkando. (Photo by: Michael Mutonga Liswaniso) NAMPA

NAMPA

WINDHOEK, 01 April 2026 - FNB Namibia has secured eight accolades at the 2026 Professional Management Review (PMR) Africa Awards. (Photo: Contributed)

NAMPA

OMUTHIYA, 01 April 2026- The Oshikoto region Under-20 football and netball teams. (Photo: Max Henrich) NAMPA

NAMPA

01 April 2026 - Minister of Works and Transport Veikko Nekundi officially inaugurated the newly constructed Aris River Bridge between Windhoek and Rehoboth. (Photo: Contributed)

NAMPA

WLOTZKASBAKEN, 31 MARCH 2026 - A delegation of different utilities leaders and representatives from Southern Africa went on a familiarisation visit to the Orano Desalination Plant at Wlotzkasbaken as part of the Water Utilities Executive Leadership Conference taking place at Swakopmund. (Photo contributed )

NAMPA

NCAMAGORO, 26 March 2026 - The principal of Ncamagoro Combined School in the Kavango West Region, Mukuve Sikongo. (Photo by: Sawi Hausiku) NAMPA

NAMPA