- A R100 is not what is used to be and it might only get you a cup of coffee in London
- The Rand has been on a high but this is predicted to end by 2019
- Exactly what you could buy with a R100 changes from country to country
The Rand is on its biggest roll since 2002 and has been trading on a high not seen since infamous Cabinet reshuffles at R12.37.
This is thanks to the election of Cyril Ramaphosa as the new president of the ANC. Ramaphosa is seen as the business-friendly candidate.
Briefly.co.za found out that the party won't last much longer as investors believe that the Rand is overbought. This is the time when Ramaphosa needs to outline his plan to save the South African economy as the Rand is set to weaken as much as 12% by the end of the year according to businesstech.co.za.
With this in mind how much could you do with R100 overseas, this is what it works out to:
China: 52.36 Yuan
Dubai: 29.67 dirham
Thailand: 263.15 Baht
In London, a Big Mac costs £5.98 (R100.30), a cappuccino £3.22 (R54.01), a beer in a pub £5.04(R84.53), 1 movie ticket £12 (R201.26) and 1 litre of petrol £1.21 (R20.29). Which means you could by a cappuccino and litre of petrol or a beer.
In New York, a Big Mac costs $7.00 (R86.86), a cappuccino $4.83 (R59.82), a beer in a pub $7.00 (R86.69), 1 movie ticket $15.50 (R191.96) and 1 litre of petrol $0.73 (R9.04). With R100 you could by 2 cappuccinos or 1 cappuccino and a litre of petrol.
In Sydney Australia a Big Mac costs AU$11.00 (R106.74), a cappuccino AU$4.25 (R41.25), a beer in a pub AU$8.00 (R77.63), 1 movie ticket AU$20.50 (R198.93) and 1 litre of petrol AU$1.36 (R13.20). In Australia, you could get 2 cappuccinos and a litre of petrol.
The cheapest place outside of South Africa to spend a R100 was in Brazil where you could buy 3 cappuccinos at R$8.00 a pop.
This goes to show you that there is no place like home, where you can get a cappuccino for R27.00 in Johannesburg.
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