News By Category Banking

Standard Bank awards bursaries

2 days ago - 18 April 2019 | Banking

Standard Bank recently awarded bursaries to four students studying cybersecurity, forensic science and actuarial science, as part of its annual bursary programme.The bank awarded bursaries to Namalwa Amakali, a second-year bachelor’s in forensic science student...

SME Bank: Asset seizures coming

3 days ago - 17 April 2019 | Banking

Enock Kamushinda and other Zimbabweans implicated in the raiding of the SME Bank have until 14 June to explain why the deputy sheriff of the High Court should not attach certain of their Namibian assets....

Longrich ordered to cease operations

5 days ago - 15 April 2019 | Banking

The Bank of Namibia (BoN) has declared Longrich Bioscience an illegal pyramid scheme and ordered all involved to cease operations immediately.A statement issued by the BoN on Friday said its assessment found that the Longrich...

Longrich Bioscience an ‘illegal financial scheme’

6 days ago - 13 April 2019 | Banking

The Bank of Namibia (BoN) has issued a statement saying Longrich Bioscience is an illegal financial scheme and has warned the public not to engage with the business activities of the entity.According to Longrich’s Facebook...

Going, going, gone

1 month - 14 March 2019 | Banking

The sole director of Transparency.com, which was housed in a non-descript office in Centurion, Johannesburg, has given a first-hand account of how the millions raided from the SME Bank were funnelled through his company. Software...

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'Ask no questions, hear no lies'

1 month - 12 March 2019 | Banking

The liquidators of the SME Bank, David Bruni and Ian McLaren, have applied to the Gauteng High Court in South Africa to freeze five bank...

How SME Bank was looted

1 month - 07 March 2019 | Banking

Advocate Raymond Heathcote, acting on behalf of SME Bank liquidators David Bruni and Ian McLaren, said in court this week that the case read like...

Agribank chases defaulters

1 month - 21 February 2019 | Banking

Embattled farmers defaulting on their loans are increasingly being dragged to court in an effort by Agribank Namibia to recover outstanding debts. Last...

BoN, Bundesbank to further bolster ties

2 months ago - 18 February 2019 | Banking

The Bank of Namibia (BoN) and the central bank of Germany, the Deutsche Bundesbank, want to strengthen existing ties, particularly in the areas of combating...

Surge in use of digital banking

2 months ago - 11 February 2019 | Banking

FNB Namibia says customers are increasingly embracing digital banking channels in order to bank in a convenient and affordable manner.The highest number of customers migrated...

Banks sued for rand manipulation

2 months ago - 07 February 2019 | Banking

The Competition Commission of South Africa says Standard Chartered Bank has pleaded guilty to currency manipulation, including of the South African rand, citing a consent...

Peace of mind

2 months ago - 01 February 2019 | Banking

Bank Windhoek, Auto Armor Namibia and Amber Connect have forged an amazing partnership that gives customers peace of mind on the road.Bank Windhoek, Auto Armor...

IT glitch leaves bank customers...

3 months ago - 09 January 2019 | Banking

OGONE TLHAGEAn IT glitch left hundreds of FNB Namibia customers at Oshikango stranded yesterday.The customers, who were queuing outside the bank from 08h30, thought that...

Lower banking fees for 2019

3 months ago - 21 December 2018 | Banking

Pensioners will no longer pay monthly management fees for their accounts with Standard Bank Namibia as from the beginning of 2019.The bank said in a...

Cheques phased out by Bank...

4 months ago - 14 December 2018 | Banking

Bank Windhoek’s final cut-off date for processing of cheques as a means of payment will be 30 June 2019. “This is to meet the Namibian...

SME holiday preparation tips

4 months ago - 30 November 2018 | Banking

As the festive season approaches, some businesses will close for the holidays. This time of year allows businesses to reflect on their achievements and the...

Easy and accessible banking

4 months ago - 30 November 2018 | Banking

From humble beginnings in 1907 with only 12 employees in Lüderitz, the FirstRand Namibia Group today employs more than 2 300 people.FirstRand Namibia Group has...

Green giant rises in CBD

4 months ago - 28 November 2018 | Banking

Staff Reporter – Almost N$700 000 will be spent every day for the next two-and-a-half years building Nedbank Namibia’s new head office at Freedom Plaza...