Zimbabwe: Cash Crisis Buffet Cotton Farmers


Clad in a red jersey to match her black skirt and black winter boots, Fadzai Madera''s fashion sense is sophisticated and remarkable. Her stylish hairpiece, fashionable in urban centres around the country, complements her look, but this will not mask her problems  the cash in particular.Madera, from the Sanyati cotton-farming area, says she has been marginalised and deprived of her right to transact and earn a living.

Like many other farmers, she has over the years mastered her trade and knows the pros and cons of maximising her yield, but her trouble, now, is how to get paid as she struggles to cash-out after getting payments on mobile money platforms due to the current cash crisis."I have so far sold seven bales and I am expecting to get US$500, but the challenge is there is no cash and I was asked to take half of it on EcoCash," Madera said. "I just need my 500 dollars to buy what I want."

 EcoCash is Econet''s mobile money platform that has been battling rivals, NetOne''s OneWallet and Telecel''s Telecash.I can''t use a phone. I could use my son''s phone, but then it''s my money and it''s painful to have to give up control of your money just like that," she said, adding the US$10 cost of a basic mobile phone device is too much when there are competing needs such as food.

"We get cheaper groceries from individuals who go to South Africa and they want cash. At times they even want US dollars only, so imagine if bond notes are not wanted, what more the EcoCash?"Madera said she has been losing a lot of money through transaction fees on mobile money.She said government must come up with a strategy to assist farmers to get paid for their work.I am a farmer and what I produce is used in this country or exported. What I am saying is government knows how much we get; they should just prepare and make sure there is adequate cash to pay us.

"The small shops that are here have no cash either and I have to travel 100km to Kadoma to get cash but there is no guarantee I will get it. Imagine I spend US$5 to get into Kadoma to cash out and have no luck. I still need to go back home and I would have lost money in the process. When you are lucky you get US$20," Madera added.

According to the latest Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) report for the first quarter of 2017, a total of 3 251 784 mobile money subscribers were active in the first quarter of 2017, representing a 1,6% decline from 3 303 188 recorded in the fourth quarter of 2016. Telecommunications Regulatory Authority of Zimbabwe (Potraz) report for the first quarter of 2017, a total of 3 251 784 mobile money subscribers were active in the first quarter of 2017, representing a 1,6% decline from 3 303 188 recorded in the fourth quarter of 2016.

 



Source: Allafrica.com
Friday, 23 June 2017

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