Sites: Africa, Marketing, Medical, Retail
Marketing community of Zimbabwe
Marketing> Advertising, Branding, Cinema, CRM, CSI, Design, Design Indaba 2009, Digital, Direct Marketing, Education & Training, Eventing, Exhibitions, Magazines, Media, Mobile, Newspapers, Online Media, Out Of Home, Printing, Production, Promotions, Public Relations, Radio, Recruitment, Research, Retail, Sales, Sponsorship, The Loerie Awards 2009, TV, Youth Marketing, 2010 FIFA World Cup
Articles
Retail Articles

Zimbabwe: The grey economy is the real one

Takunda Moyo, 35, seems the epitome of a successful business person: he drives a sleek car, wears designer label clothes, and is never short of a dollar or two. He is part of a new class of entrepreneur - the illegal foreign exchange hustler.

As one of the front men for the cartel that runs the business in Bulawayo, Zimbabwe's second city, Moyo is several rungs up the ladder from the people who stand on the pavements all day.

His job is to supply them with daily cash floats and communicate new currency rates to thousands of individual dealers in the city. "The foreign currency exchange business is a complex web, and all the women you see on the streets, changing foreign currency, are simply employees of a big cartel that runs the illegal black market in the country," Moyo said with a chuckle.

Read the rest of the article here

[5 Nov 2008 07:30]

 SEND TO A FRIEND  |   PRINT

 
Comment on this
 


Share this page (Tell me more)


 





Receive free email newsletter
 
Tell a friend about us
 
CONTACT US | ABOUT US | SEND US NEWS | ADVERTISING RATES | sales@bizcommunity.com | +27 (0)21 680 3500
All rights reserved. © 2008. Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein. Privacy policy, Terms of Use.
Connected by: Uninet