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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…
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Remembering the biggest unclaimed lottery prizes
We often hear about the lottery jackpots that people have come forward to claim. How they won and what they are thinking about doing with their newfound wealth is frequently publicised. But what about those world biggest unclaimed prizes that haven’t been linked to fortunate recipients? Does this happen a lot and what transpires if ultimately the winner doesn’t step…
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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…
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