Standard Bank Wins The Banker Bank of the Year South Africa award for 2019

Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the

Standard Bank Wins The Banker Bank of the Year South Africa Award for 2019

Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the

Shoprite Lesotho Cross-Border Remittance Product Achieves R1 Billion Mark

The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the world. A remittance is when a person sends money, usually small

South African Development Community Payments System Goes Live

On Sunday 21 July, the SADC (South African Development Community) Integrated Regional Electronic Settlement System (SIRESS) was successfully implemented in a live environment for the four countries of the Common Monetary Area: South Africa, Namibia, Lesotho and Swaziland. All participants in Lesotho, Namibia and South Africa successfully participated in the implementation activities on Sunday 21 July

Cross-Border Cheques to be Phased Out

Cross-border cheques and bank drafts within the Common Monetary Area (CMA) are being phased out with effect from 22 July 2013 and will no longer be accepted by any banking institution within the CMA. The CMA includes Namibia, South Africa, Lesotho and Swaziland. For Namibian clients it means that, as from the 22nd of July

FNB Lesotho Appoints New CEO

The FNB Lesotho Board of Directors announced the appointment of Emil Heppell to the position of Chief Executive Officer of FNB Lesotho. Heppell succeeds Trevor Holtman who left the bank at the end of a four year secondment to pursue other opportunities within the group. Heppell’s qualifications and capabilities are highly regarded by the Board