Many Namibians still keep cash 'under the mattress'

Only 67% of Namibian adults had a bank account in 2017
People keep cash on hand for a variety of reasons, Kambala said, adding that Namibians may regard it as a safer alternative to saving in a bank, for example.
Jemima Beukes
  • 1 Day Ago - 2024-10-30 00:00:00
Despite an increase in digital financial options such as cellphone banking and e-wallet services, many Namibians still prefer to keep their cash under the mattress.According to an
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Namibian Sun 2024-10-31

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LaLiga: Mallorca 0 vs 0 Athletic Club Katima Mulilo: 21° | 38° Rundu: 19° | 39° Eenhana: 19° | 40° Oshakati: 19° | 38° Ruacana: 19° | 39° Tsumeb: 23° | 37° Otjiwarongo: 18° | 37° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 18° | 35° Henties Bay: 14° | 21° Wind speed: 18km/h, Wind direction: SW, Low tide: 08:30, High tide: 02:48, Low Tide: 20:52, High tide: 14:52 Swakopmund: 13° | 16° Wind speed: 21km/h, Wind direction: W, Low tide: 08:28, High tide: 02:46, Low Tide: 20:50, High tide: 14:50 Walvis Bay: 13° | 21° Wind speed: 21km/h, Wind direction: W, Low tide: 08:28, High tide: 02:45, Low Tide: 20:50, High tide: 14:49 Rehoboth: 17° | 36° Mariental: 20° | 37° Keetmanshoop: 22° | 37° Aranos: 19° | 37° Lüderitz: 16° | 27° Ariamsvlei: 20° | 38° Oranjemund: 14° | 22° Luanda: 25° | 26° Gaborone: 19° | 34° Lubumbashi: 18° | 29° Mbabane: 15° | 28° Maseru: 13° | 30° Antananarivo: 16° | 32° Lilongwe: 21° | 30° Maputo: 19° | 29° Windhoek: 19° | 34° Cape Town: 15° | 23° Durban: 16° | 23° Johannesburg: 16° | 29° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 18° | 27° Currency: GBP to NAD 22.82 | EUR to NAD 19.15 | CNY to NAD 2.48 | USD to NAD 17.66 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.05 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.76 | USD to AOA 909.05 | USD to BWP 13.42 | USD to EGP 48.69 | USD to KES 129.2 | USD to NGN 1664.1 | USD to ZAR 17.67 | USD to ZMW 26.69 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1869.31 Down -0.46% | Casablanca Stock Exchange (CSE) MASI 14182.32 Down -0.46% | Egyptian Exchange (EGX) 30 Index 30371.26 Down -0.81% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 784.69/OZ UP +0.34% | Copper US$ 4.34/lb DOWN -0.0018 | Zinc US$ 3 099.00/T UP 0% | Brent Crude Oil US$ 72.81/BBP UP +1.94% | Platinum US$ 1 008.67/OZ DOWN -0.0407 Sport results: LaLiga: Mallorca 0 vs 0 Athletic Club Weather: Katima Mulilo: 21° | 38° Rundu: 19° | 39° Eenhana: 19° | 40° Oshakati: 19° | 38° Ruacana: 19° | 39° Tsumeb: 23° | 37° Otjiwarongo: 18° | 37° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 18° | 35° Henties Bay: 14° | 21° Wind speed: 18km/h, Wind direction: SW, Low tide: 08:30, High tide: 02:48, Low Tide: 20:52, High tide: 14:52 Swakopmund: 13° | 16° Wind speed: 21km/h, Wind direction: W, Low tide: 08:28, High tide: 02:46, Low Tide: 20:50, High tide: 14:50 Walvis Bay: 13° | 21° Wind speed: 21km/h, Wind direction: W, Low tide: 08:28, High tide: 02:45, Low Tide: 20:50, High tide: 14:49 Rehoboth: 17° | 36° Mariental: 20° | 37° Keetmanshoop: 22° | 37° Aranos: 19° | 37° Lüderitz: 16° | 27° Ariamsvlei: 20° | 38° Oranjemund: 14° | 22° Luanda: 25° | 26° Gaborone: 19° | 34° Lubumbashi: 18° | 29° Mbabane: 15° | 28° Maseru: 13° | 30° Antananarivo: 16° | 32° Lilongwe: 21° | 30° Maputo: 19° | 29° Windhoek: 19° | 34° Cape Town: 15° | 23° Durban: 16° | 23° Johannesburg: 16° | 29° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 18° | 27° Economic Indicators: Currency: GBP to NAD 22.82 | EUR to NAD 19.15 | CNY to NAD 2.48 | USD to NAD 17.66 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.05 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.76 | USD to AOA 909.05 | USD to BWP 13.42 | USD to EGP 48.69 | USD to KES 129.2 | USD to NGN 1664.1 | USD to ZAR 17.67 | USD to ZMW 26.69 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1869.31 Down -0.46% | Casablanca Stock Exchange (CSE) MASI 14182.32 Down -0.46% | Egyptian Exchange (EGX) 30 Index 30371.26 Down -0.81% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 784.69/OZ UP +0.34% | Copper US$ 4.34/lb DOWN -0.0018 | Zinc US$ 3 099.00/T UP 0% | Brent Crude Oil US$ 72.81/BBP UP +1.94% | Platinum US$ 1 008.67/OZ DOWN -0.0407


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