Today we had a client in our office that got $550 000 000 of pension monies last year. Unfortunately it was Zimbabwe dollars so in reality it was only about R126 000.
The real bad thing about all of this is though that originally (in May 2006) the estimated pay-out in Zim dollars were $150 000 000 but their currency fell so badly (as if it could really get any worse) that in just 3 months, when the actual payment was done, it was $550 000 000.
Scary stuff that. Zimbabwe is close…as in my brother lives only 1 town away from the Zim border. It can so easily spill over to us if we don’t protect ourselves from that.
I sure hope our economy doesn’t get that bad.