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Zimbabweans send R5bn home

Apr 12 2012 08:23

Cape Town - Zimbabweans in South Africa send nearly R5bn home a year through largely informal channels, it was reported on Thursday.

The Cape Times reported about 82% of this money was sent through informal channels such as friends and bus and truck drivers, according to a survey.

Most people who sent money this way felt it was more convenient and less expensive, even though there was a chance of being ripped off.

The survey, conducted by People Against Suffering, Oppression and Poverty (Passop), found that about two-thirds of relatives in Zimbabwe relied on this money to survive.

A total of 350 Zimbabweans were interviewed in De Doorns and Masiphumelele, in the Western Cape.

Passop programme coordinator David von Burgsdorff said it planned to make submissions to the government that would benefit immigrants and the economy.

"South Africa has access to only 10% of the money. They can't tax it and they have absolutely no control over it," he said.

"By improving the accessibility of formal channels and lifting some of the restrictions, the South African government stands to gain a lot."

zimbabwe  |  money



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