Yes, I suppose the inflation is high @ 5.6% and interest rates @ 8.25%.. It's no easy for the poor man.
But the rich are hardly affected. Anyone with dollars, pounds and euros lives like a king.
Indeed, South Africa is a beautiful place with lots of nature and some well developed cities. But the majority of people here live near or below the poverty line. It's complex
The war will come, if nobody stops and starts thinking. But we do not know when. It is not the middle east only, it is everywhere. Maybe Africa is next. But we do not know, we will see... Money, we also will see with Gold or crypto. But one thing is for sure, all currency will be trashed and afterwards we will have a boom because all has to be fixed or we get pushed back into 10000 BC
Must be a nice place, but expensive...
Yes, I suppose the inflation is high @ 5.6% and interest rates @ 8.25%.. It's no easy for the poor man.
But the rich are hardly affected. Anyone with dollars, pounds and euros lives like a king.
Indeed, South Africa is a beautiful place with lots of nature and some well developed cities. But the majority of people here live near or below the poverty line. It's complex
What is the cost of living there?? per month?
Cost of living not including rent on average here is about R12 000.00 = $630. 00 USD per person.
Okay. Thanks for the data.
That is not much. Europe would dream of only 5.6% inflation
True, but the economy and value of the currency is strong there. Unlike here. We have incompetent politicians 😅
Europe is in a war economy, the normal economy is fucked up. Rifles and tanks sell good...
I hear you.. I can't argue with that.
Speaking of war, I'm wary of what might happen in the middle east. A world War is looming.
I wonder if crypto and or gold will be a safe place to hold your wealth during this imminent war? I know some currencies like our here will plunge!
The war will come, if nobody stops and starts thinking. But we do not know when. It is not the middle east only, it is everywhere. Maybe Africa is next. But we do not know, we will see... Money, we also will see with Gold or crypto. But one thing is for sure, all currency will be trashed and afterwards we will have a boom because all has to be fixed or we get pushed back into 10000 BC