Billionaire Dollar Club

JOHANNESBURG: A South African based Zimbabwean businessman has established a fund which can be used by Zimbabweans in South Africa or in Zimbabwe to avoid the risk associated with carrying large sums of money.

Marco Machona said he set up the fund after hearing about Zimbabweans losing money to robbers in South Africa.

Its a facility that allows people living in South Africa to receive their money in less than 20 minutes without externalization or carrying cash. This facility allows the informal market to retain money at home. It creates a platform that limits money crossing borders under the car boots, hidden in private parts or lost / stolen by a cousin or bus driver. The facility is informed by the absence of Western Union or Money gram that can send money out of Zimbabwe or SA without a lengthly paper-trail. This facility is like a community based solution to an every day problem.

Machona, who owns Ruffcut Wear, explained that a customer deposits the money in the account and can get the money in another country within 20 minutes. He states that they have got a sound financial base and can pay more than US$500 000 a day.

According to Machona, the inquiries he has been getting since the formation of the Billionaire Dollar Club have been overwhelming.

Post published in: News

Leave a Reply

Your email address will not be published. Required fields are marked *