The correct statement is:
The final day of processing domestic EFT, including credit payments and EFT debit collections, to and from Lesotho and Eswatini, is 29 September 2024.
South African banks will implement a significant change to domestic electronic funds transfer (EFT) between South Africa, Lesotho, Eswatini, and Namibia in September 2024. Choose the correct statement that follows.
The CMA’s decision means South African account holders will not be allowed to receive EFT payments from other CMA countries in the event that these payments are not initiated on a global banking channel.
The CMA’s decision means South African account holders can no longer make EFT payments to account holders in other CMA countries.
Before this restriction, South African account holders could not make EFT payments to Lesotho, Eswatini, and Namibian accounts.
The final day of processing domestic EFT, including credit payments and EFT debit collections, to and from Lesotho and Eswatini, is 29 September 2024.
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