X
07:01Last update on: 13 Aug 2013
The Namibian
Tue 13 Aug 2013
SMS Of The Day * MINISTRY of Gender and Child Welfare, TEARS are rolling down as I write this SMS. The killing of women in Namibia is now like reciting a poem. Are we really getting the protection we deserve while women not being treated as part of this c Food For Thought * SO the Zimbabwe elections were free and peaceful and not free and fair? Bouquets And Brickbats * NURSES at Katutura Hospital must stop wearing those big plastic sandals at work because they are not the official working shoes. We want to see you looking smart and beautiful with your full uniform. SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf
POLL
What do you think of the renaming and addition of regions and constituencies?
Results so far:
Older Polls
BUSINESS - ECONOMY
| 2013-08-05
No fees for N$2000 cash deposits
STAFF REPORTER
THE Bank of Namibia has announced that all banking institutions have implemented free cash deposits standard for the first N$2 000 deposited per month. The central bank and the commercial banks had set 31 July as the deadline for the implementation of the policy. The new policy will apply on all savings and investment accounts held by individuals at banking institutions, the central bank said.
The central bank said in a statement that the implementation follows an announcement it made in March this year that the banking industry has agreed and issued standards for cash deposit fees in Namibia.
“The set standards apply to all savings and investment accounts owned by individuals at banking institutions; as well as to businesses that earn N$1 million per annum or less. As for businesses that earn N$1 million per annum or less, all banking institutions will provide such businesses with a zero-rated cash deposit fee for the first N$10 000 deposited per month. This will be effective from 31 October 2013. The Bank of Namibia believes that cash deposit fees discourage individuals to save and will continue to work with the banking sector to ensure that such fee are not charged in future. In this regard, the Bank of Namibia thanks the banking industry for their co-operation with this initiative. Members of the public can contact their local bank branches for further details” said Ndangi Katoma Director of Strategic Communications and Financial Sector Development at the Bank of Namibia.
THE Bank of Namibia has announced that all banking institutions have implemented free cash deposits standard for the first N$2 000 deposited per month. The central bank and the commercial banks had set 31 July as the deadline for the implementation of the policy. The new policy will apply on all savings and investment accounts held by individuals at banking institutions, the central bank said.
The central bank said in a statement that the implementation follows an announcement it made in March this year that the banking industry has agreed and issued standards for cash deposit fees in Namibia.
“The set standards apply to all savings and investment accounts owned by individuals at banking institutions; as well as to businesses that earn N$1 million per annum or less. As for businesses that earn N$1 million per annum or less, all banking institutions will provide such businesses with a zero-rated cash deposit fee for the first N$10 000 deposited per month. This will be effective from 31 October 2013. The Bank of Namibia believes that cash deposit fees discourage individuals to save and will continue to work with the banking sector to ensure that such fee are not charged in future. In this regard, the Bank of Namibia thanks the banking industry for their co-operation with this initiative. Members of the public can contact their local bank branches for further details” said Ndangi Katoma Director of Strategic Communications and Financial Sector Development at the Bank of Namibia.
Comment on this article
Latest comments
Total article comments: 2
www.weatherphotos.co.za
Windhoek
7°
24°
0mm
Walvis Bay
8°
22°
0mm
Oshakati
8°
31°
0mm
Keetmanshoop
1°
17°
0mm
Grootfontein
2°
27°
0mm
Gobabis
5°
24°
0mm
(August 12)
View more ...