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.
Even though the figure sounds like a bit of a thumbsuck, I doubt the real amount is not too far from it. And one can look at it from a couple of perspectives as well, personally I know these guys are underpaid in most instances sometimes grossly, so that amount plus more would be going to South African pockets if it were South Africans employed, thus causing a knock on positive effect on jobs, the economy, crime, etc.
But SA has far too much of a hunger for cheap labour for that to happen anytime soon, so we need to formalise this transfer as much as possible through the banks so we can at least grab some of it to stay in the economy.