Zimbabweans in South Africa Send Back $860 Million a Year

Zimbabweans in South Africa send as much as 6.8 billion rand ($860 million) back to their home country each year, said People Against Suffering, Oppression and Poverty, a civil society group.

Between 70 percent and 80 percent of the remittances are sent to Zimbabwe through “informal channels,” such as friends or transport operators, the Cape Town-based group, known as Passop, said in a statement dated April 10, on its website. Based on a survey of 350 migrants, about 90 percent of Zimbabweans living in neighboring South Africa send money home regularly, the group said.

As many as two million Zimbabweans are estimated to live in South Africa, according to Passop, most of them having left their country because of political violence and a decade-long recession that ended in 2009. President Robert Mugabe’s Zimbabwe African National Union-Patriotic Front and the Movement for Democratic Change formed a power-sharing government after a disputed 2008 election.

To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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