SADC migrants feeling pinch of volatile rand
Exchange rates and high fees bite when sending money to families in neighbouring countries
With more than R11.2bn flowing annually from SA to neighbouring countries, millions of SADC migrants are feeling the pressure of a volatile rand, as currency fluctuations threaten their ability to support families back home.
With geopolitical tensions between SA and the US seemingly stable at the moment, Samuel Munaku, a Zimbabwean migrant, is hopeful that the coming days remain uneventful and that the dollar-to-rand exchange rate stays stable when he sends money to Harare...
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