Share

Zimbabweans send R5bn home

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."

 
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.01
+1.1%
Rand - Pound
23.79
+0.7%
Rand - Euro
20.40
+0.8%
Rand - Aus dollar
12.40
+0.7%
Rand - Yen
0.12
+1.2%
Platinum
925.50
+1.5%
Palladium
989.50
-1.5%
Gold
2,331.85
+0.7%
Silver
27.41
+0.9%
Brent Crude
88.02
-0.5%
Top 40
68,437
-0.2%
All Share
74,329
-0.3%
Resource 10
62,119
+2.7%
Industrial 25
102,531
-1.5%
Financial 15
15,802
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders