The rand has hit a four year low at 1:10 to the US dollar. This means that most of the Zimartisans who are exporting their labour to the SouthnAfrican economy are getting less each day. Those who were left home are slowly catching with you. If the rand continues to tumble there might come a time when the Zim counterparts are earning more than the diaspora guys.
The weaker rand means imports are going to be expensive. Fuel is going to increase in cost and this affects everything from food to transport.
The question is have you shielded yourself against this. Do not be caught offguard the way you were caught off guard when the Zimdollar tumbled.
Here is a few ways you can shield yourself:
1. Get a US dollar income.
2.Get a small businessnup and running back home. You will be exporting and as an exporter you will get better value to your rands.
3.Negotiate for an increase.
4. Save in a portfolio where you get reasonable interest.
5.Always hunt for bargains and deals to save some cash.
zimartisans 