Namibia: Technical Hitch Blocks Bank Salaries

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    The Namibian (Windhoek)

    Nico Smit

    19 December 2011


    A TECHNICAL problem with a new electronic payroll system has been cited as the reason why NedBank Namibia struggled to pay its staff last week.

    NedBank normally pays its employees’ salaries on the 20th of the month, but December salaries are paid earlier because of the Christmas shopping rush.

    The Namibian received reports last week that NedBank was having difficulty in processing the payments, and that December salaries would be delayed.

    NedBank’s communications manager, Gernot de Klerk, said that the delay was caused by “a minor technical glitch, specifically with regard to the calculation of the annual increase in medical aid fund deductions.”

    De Klerk said the salaries were to be paid on Friday last week.

    “With debit order arrangements effective on the 20th, we are confident that any likely impacts are negligible, and thank our staff for their support and understanding,” De Klerk said.

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