Bad news for burger lovers in South Africa
New data shares that the cost of a single burger has increased by R64 in the last three decades in South Africa—far outstripping inflation.
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Big Mac Index: Is the rand still undervalued?
The index implies that the US dollar should cost less than R9 – ‘that’s the danger of using just one product, but however you look at it, the rand is still undervalued’: Johann Els, chief economist at PSG Financial Services.