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In times of operational crisis, it pays to be fully local

In times of operational crisis, it pays to be fully local

Amid a flurry of rumours on social media about the impact of the South African banks strike on Friday, the only fully Namibian owned bank made a confident statement about the durability of their banking systems.

Bank Windhoek Managing Director, Baronice Hans, stated “Bank Windhoek would like to assure its clients that the impending strike by the employees of banks in South Africa, has no impact on the operations of Bank Windhoek.

Reiterating that Bank Windhoek is a wholly owned and operated Namibian financial institution with no system links to South Africa that will affect its operations locally, she added “All our branches, ATMs, and digital services such as iBank, Cellphone Banking and our Mobile App will function normally on Friday 27 September as they would on any other business day.”


 

About The Author

Daniel Steinmann

Brief CV of Daniel Steinmann. Born 24 February 1961, Johannesburg. Educated at the University of Pretoria: BA, BA(hons), BD. Postgraduate degrees are in Philosophy and Divinity. Editor of the Namibia Economist since 1991. Daniel Steinmann has steered the Economist as editor for the past 28 years. The Economist started as a monthly free-sheet, then moved to a weekly paper edition (1996 to 2016), and on 01 December 2016 to a daily digital newspaper at www.economist.com.na. It is the first Namibian newspaper to go fully digital. Daniel Steinmann is an authority on macro-economics having established a sound record of budget analysis, strategic planning and assessing the impact of policy formulation. For eight years, he hosted a weekly talk-show on NBC Radio, explaining complex economic concepts to a lay audience in a relaxed, conversational manner. He regularly helps economics students, both graduate and post-graduate, to prepare for examinations and moderator reviews. He is the Namibian respondent for the World Economic Survey conducted every quarter for the Ifo Center for Business Cycle Analysis and Surveys at the University of Munich in Germany. He is frequently consulted by NGOs and international analysts on local economic trends and developments. Send comments to daniel@economist.com.na

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