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US Best Buys aren't SA best buys
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<blockquote data-quote="Baseline" data-source="post: 1168358" data-attributes="member: 14307"><p>What the pricelist highlights, is that the prices seem to be set somewhat arbitrarily. According to MoneyWeb, South Africa’s rand is the most undervalued currency in the world against the US dollar. This is according to <a href="https://www.economist.com/news/2020/07/15/the-big-mac-index" target="_blank">The Economist’s Big Mac Index</a>, published last week. The mid-year update of the index claims the rand is 67.4% undervalued versus the greenback. Someone in this country is screwing us over royally. If the Rand were correctly valued, we would be paying under R10 per liter for fuel and a lot less for all other commodities including food. Clearly, they are not concerned with the welfare of the poor as they claim and most certainly do not care about the rest of us.</p></blockquote><p></p>
[QUOTE="Baseline, post: 1168358, member: 14307"] What the pricelist highlights, is that the prices seem to be set somewhat arbitrarily. According to MoneyWeb, South Africa’s rand is the most undervalued currency in the world against the US dollar. This is according to [URL='https://www.economist.com/news/2020/07/15/the-big-mac-index']The Economist’s Big Mac Index[/URL], published last week. The mid-year update of the index claims the rand is 67.4% undervalued versus the greenback. Someone in this country is screwing us over royally. If the Rand were correctly valued, we would be paying under R10 per liter for fuel and a lot less for all other commodities including food. Clearly, they are not concerned with the welfare of the poor as they claim and most certainly do not care about the rest of us. [/QUOTE]
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US Best Buys aren't SA best buys
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