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BRafr-September2017

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favoured with political<br />

stability. Considering the regulator’s<br />

perspective, they want to introduce<br />

competition and attract new players.<br />

As a large bank in this competitive<br />

industry, there are naturally plenty of<br />

factors impacting its operations of<br />

which regulation and the economy are<br />

of the major ones. The political turmoil<br />

in South Africa has had a knock-on<br />

effect on the<br />

Namibian economy – an<br />

economy which is very dependent<br />

on South Africa due to it being<br />

Namibia’s biggest import partner<br />

Cybersecurity and financial fraud<br />

is a global concern that has not<br />

left Namibia unscathed. “In this<br />

connected age and by virtue of having<br />

www.fnbnamibia.com.na 107

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