My recent visit to Zimbabwe

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 The journey was well planned and it took us less than 10 hours to reach our destination from Pretoria South Africa to Mvuma central Zimbabwe.  A lot of construction is happening on the roads. Harare to Masvingo Highway is complete and the remaining part which was left between Beitbridge and Masvingo is being completed.  Surely by December it should be done. Though there is a lot of money being miss used, there are elements of success. Harare to Beitbridge road was a death trap, the road had so many potholes, had no shoulder no fencing to protect  animals from entering the road and some parts even worn out that left it narrow in a way that two trucks cannot pass without one having to go out of the road.  Those improvements form part of the new Government's transformation policy. There is job creation and slowly improving the standards which has been declining for more that 20 to 30 years. Surely Rome was not built over night. At the border you can see significan...
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South Africa’s new debit order system in full effect from May

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 28 April 2021

The South African Reserve Bank (SARB) says it will implement the AC/DebiCheck payment system from 1 May as part of its modernisation efforts.

The SARB said this project aims to address the increasing levels of abuse in the debit order payment system, known commercially as the early debit order (EDO) payment system.

“From 1 May 2021, all new and renegotiated EDO mandates will be originated in the AC/DebiCheck payment system and not in the current EDO payment system,” it said.

“Early debit orders will only be processed through the AC/DebiCheck payment system, while normal debit orders will still be processed later in the day as per current arrangements.”

How it works

Under the EDO system, consumers provide a mandate to a company or user to collect money from their bank account.

In the new AC/DebiCheck payment system, this mandate is now given to the banks – where consumers provide authorisation to their bank to release the funds from their account when a debit order is submitted by a company or user from whom they bought goods or contracted for a service.

The AC/DebiCheck payment system was first implemented on 1 August 2018, and has been going through various stages and processes of testing and integration.

Companies or users of the EDO system had until 1 November 2019 to fully implement the AC/DebiCheck payment system. Since the implementation date, companies or users have been requested to begin using the system for all EDO collections.

“Owing to the complex nature of the AC/DebiCheck system, a lengthy ramp-up period was required to ensure that all stakeholders in the EDO collections ecosystem had implemented and tested their internal processes and interfaces to the AC/DebiCheck payment system,” the SARB said.

The central bank added said that the AC/DebiCheck project is an initiative of the collections industry that ensures the safety and efficiency of the NPS, and the mitigation of rogue and fraudulent behavior in the collections system.

Read: Absa launches QR payments

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