Remittances from South Africa to SADC

It is well known that there are large remittance flows from South Africa to other countries in the SADC region and that a substantial proportion of such flows are informal – sent for example via cross-border mini-bus taxis or buses. However, data on the size of this remittance market is hard to come by. Data is not only incomplete on informal flows, which by their nature are hard to track: there is no single reliable source of total migrant remittances sent home to the rest of SADC annually through the formal sector either. This deficit of complete and high quality data has made it difficult to formulate a comprehensive policy response to the problem of market informality, and has obscured the size of the market opportunity available to private sector operators.