Financial Times FT.com

Remittances: An important cushion in a downturn

By Richard Lapper

Published: April 1 2009 17:12 | Last updated: April 1 2009 17:12

For most of the past 30 years, Paulosi Makara has made his living in South Africa, travelling back and forth from his home in Lesotho to the gold and platinum mines of the landlocked republic’s giant neighbour.

But since the 53-year-old was laid off last May, he has been finding it difficult to get work and his family is suffering the consequences.

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