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Nature and characteristics of informal migrant remittance transfer channels: empirical study of remittances from South Africa to Zimbabwe

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dc.contributor.author Chisasa, Joseph
dc.date.accessioned 2017-02-01T14:19:14Z
dc.date.available 2017-02-01T14:19:14Z
dc.date.issued 2014
dc.identifier.citation Chisasa, J. 2014. 'Nature and characteristics of informal migrant remittance transfer channels: empirical study of remittances from South Africa to Zimbabwe', Banks and Bank Systems, 9(2): 59-64. en
dc.identifier.uri http://hdl.handle.net/10500/21957
dc.description.abstract Migrants often make remittances to their own country without adhering to the formal financial system of the host coun-try. The study reported in this article attempted to describe the prevalence of sending informal remittances from South Africa to Zimbabwe by bus or taxi. Using a questionnaire, 206 taxi and bus drivers were surveyed in Johannesburg Central Business District to determine reasons for migrants choosing them and not formal channels when sending re-mittances. It was found that speed of delivery, good customer care and convenience determine a migrant’s choice of remittance channel. Linked to that is the fact that formal money transfer operators require documentation which is usually difficult for senders to make available. Recommendations are provided to policy-makers for capturing the in-formal remittances which come through buses and taxis. This will help development planners to allocate foreign remit-tances efficiently. en
dc.language.iso en en
dc.publisher Business Perspectives en
dc.subject Remittances en
dc.subject Informal channels en
dc.subject Formal channels en
dc.subject South Africa en
dc.subject Zimbabwe en
dc.title Nature and characteristics of informal migrant remittance transfer channels: empirical study of remittances from South Africa to Zimbabwe en
dc.type Article en
dc.description.department Finance, Risk Management and Banking en


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