25 March 2017
   
New Zimbabwe Header
Court stops Grace’s seizure of farm
15k+ squatters grab Midlands farmland
Sandi says too old to want Grace’s post
Generators as coffins float in flooded graves
Road accidents: Govt pins hopes on chiefs
Maid in court as baby in boiling water death
UK: over 25 000 in anti-Brexit march
Saviour thunders at Herald idiots, Min
MORE NEWS
Government overspent by 42.3 per cent
Zimpapers profit down 26pct to $2m
MORE BUSINESS
Creative youths turn garbage into artwork
HIFA returns after a year’s absence
MORE SHOWBIZ
Manyuchi surrenders title in 1 min 52 sec
Caps beat Bosso to clinch ZNA Shield
MORE SPORTS
Biometric vote (BVR): Dispelling the Myths
2018 poll: Last chance or lost chance
MORE OPINION
 
Pastors should be servants not kings
2018 and Zanu PF’s liberation war DNA
MORE COLUMNISTS
 
 
SA travellers to Zim advised on how to avoid bond notes
10/01/2017 00:00:00
by Agency
 
 
RELATED STORIES

A TRAVEL management company on Tuesday warned South African business travellers to Zimbabwe to carry small denomination notes “as they will receive change in bond notes”.

These‚ Corporate Traveller said in statement‚ “cannot be used outside Zimbabwe or converted back into hard currency”.

South Africa’s northern neighbour introduced the bond note in November last year in an effort to make up for a shortfall of hard currency in the country and address issues such as the hoarding of foreign cash.

“It is unclear what effect the bond notes have on South African business travellers‚ but we nevertheless would advise that business travellers order and carry the smallest denomination of notes they can to avoid receiving a substantial amount of change in bond notes‚” said Corporate Traveller GM Raylene Pienaar.

She also advised travellers to “consider using billbacks to avoid the need to carry a large amount of cash”.

Hotel billbacks are a way for business travellers to get around paying for a hotel stay upon departure; but rather the bills get sent to a travel management company‚ which in turn invoices a traveller's company.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark
 
 
 
comments powered by Disqus
 
RSS NewsTicker