Money Matters

We Lost all our Money the Day we Arrived

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I remember growing up, my mother used to teach on 2 year contracts a lot which resulted in us moving around most of my childhood. An experience that has stuck with me was the first day we moved to Swaziland. It was the first time being in the country and after hours of travel time, we were all looking forward to a warm bath and some decent food – until we got mugged and the thieves got away with all the money we had on us. What was meant to be a much anticipated restful evening turned into an ordeal that would last for hours and put a stain on our otherwise wonderful 2 year stay in the country.

Theft is not the only risk associated with moving money, there’s a lot to keep in mind from regulation on how much you can move, to being faced with decisions on alternatives for getting your money across borders without having to face too much of a hassle.

According to the World Bank, immigration policies in leading remittance source countries are getting more stringent and governments around the world are introducing more regulation around money transfers. In this month’s article, we reflect on these and some of the issues we’ve covered over the past year from using informal channels when moving your money, to the experiences people have reported having when it came to sending money back home.

You can read the full article in Issue 35 (August 2018) of ZASA Magazine to understand the context of this post, it is supplementary material.

Download links (free) – You now have the option to download the Magazine in HD (bigger but super crystal clear kinda nice) or Low Res (smaller but still part of the cool crowd nice).

Low Res Version ZASA Magazine – Issue 35 – August 2018 (LRes)

HD Version ZASA Magazine – Issue 35 – August 2018 (HD)

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Sources: Mukuru | World Bank Press Release

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