SA to Botswana money transfers among Africa's most expensive

The costs of sending money from South Africa to Botswana are the third most expensive in Africa, eating into the extra value local senders and receivers could have in their pockets.

A World Bank study released this week suggests that the estimated US$58 million Batswana living outside the country sent home last year, could have been higher were it not for the constrictive pricing of money transfers. South Africa accounts for the lion's share of Batswana living outside the country.

The World Bank's study of money transfer pricing in Africa indicates that sending money from South Africa to Botswana costs an average of 22.7 percent of the amount sent.

Editor's Comment
Your vote matters

This period, running from May 20 to 31 2024, is crucial for those who have not yet registered to vote. This announcement comes in response to a significant shortfall in registered voters following the recent registration period. As it stands, only 62% of the target number of voters registered, leaving a considerable gap.With Botswana's general elections scheduled for October, every eligible citizen needs to register and exercise their...

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