BusinessTech looked at the price changes of five items over the last 10 years.
hike increasing the repo rate to 7.75% and the prime lending rate to 11.25%. Many experts also believe that the SARB’s Monetary Policy Committee will raise interest rates again this month.
The Big Mac Inxes is used to determine if currencies are priced at the “correct” level, and is based on the purchasing-power-parity theory – exchange rates will move towards the rate where they equalise the price of goods and services in any two countries. The Big Mac is chosen due to how widely accessible it is across the globe.
“Rising real rates in these advanced economies, while South Africa’s current account falls into deficit territory and local structural constraints mount, should continue to weigh on the rand and worsen local price pressures,” FNB said. “It will build on Showmax’s success to date and strive to create the leading streaming service in Africa,” Multichoice said.
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