BUSINESS
3 easy steps to transfer money internationally
2 weeks ago
3 easy steps to transfer money internationally
How international money transfers work When sending money internationally from South Africa using platforms like Sikhona, the transaction does not go via banks and does not use the SWIFT system, which is utilized by conventional financial institutions. Money is moved between account holders by utilizing third-party money transfer providers, each of which has their own communication infrastructure. This allows the…
Zimbabweans rejects own currency as the nation re-dollarise.
May 4, 2022
Zimbabweans rejects own currency as the nation re-dollarise.
In retrospect 2009, economic agents rejected the currency availed to them because they had no confidence in the RBZ’s bearer cheques. They already anticipated prices to go up as usual and now they feared the state of the economy which was already suffering from the RBZ-caused hyperinflation of 2008. Economic agents now had confidence in the stability of dollarization which…
ZESA:Severe load shedding and blackouts looms as we approach winter seasons
April 19, 2022
ZESA:Severe load shedding and blackouts looms as we approach winter seasons
Zimbabwe is facing power cuts, also known as load shedding , sometimes blackouts lasting for more than ten hours per day due to subdued electricity production and a shortage of foreign currency to import. Zimbabwe needs about 1 600 megawatts but generates an average of 1 100 MW from its two major power plants and imports more from South Africa,…