What your salary is really worth: Rand vs US Dollar

whatwhat

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Jun 1, 2009
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This is no surprise to anyone that hasn't been asleep for the last 5 years.
 

Jola

Honorary Master
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Sep 22, 2005
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19,840
Just have a look at what's happened to the value of your house over the last few years.

It's turned to dust !
 

mountainboy

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Feb 14, 2014
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235
Oh wow. Your salary decreases in dollar terms when the Rand tanks

Lesson for the day folks :D
 

OzzieCapie

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Aug 27, 2008
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The economy is an issue, but really comparing salaries is meaningless unless you are spending it all in the USA. Cost of living is way way lower in SA than in USA or Aust.

Sydney...average salary about $50K (approx), median house >$1M, cheapest (outer west suburbs) >$500K

Tolls, North west (boom McMansion areas) to city every day, about $5K per annum
 
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])ragon_\/oid

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Jun 10, 2011
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3,959
The economy is an issue, but really comparing salaries is meaningless unless you are spending it all in the USA. Cost of living is way way lower in SA than in USA or Aust.

Sydney...average salary about $50K (approx), median house >$1M, cheapest (outer west suburbs) >$500K

Tolls, North west (boom McMansion areas) to city every day, about $5K per annum
No, comparing salaries isn't worthless. Most electronics you can buy is imported. The exchange rate is very important when you need to buy electronics.
 

cguy

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Jan 2, 2013
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The economy is an issue, but really comparing salaries is meaningless unless you are spending it all in the USA. Cost of living is way way lower in SA than in USA or Aust.

... or unless you drive a car, buy petrol, have TVs, cell phones, internet, any electronics, wear imported clothing, drink scotch, go on overseas holidays, or ever want to immigrate.

Sydney...average salary about $50K (approx), median house >$1M, cheapest (outer west suburbs) >$500K

Tolls, North west (boom McMansion areas) to city every day, about $5K per annum

Yes, it's high, but you're in Sydney - people don't go to Sydney for the quality housing. Same with London and New York. How much does it cost to see a different world renowned musician every weekend in Port Elizabeth? You can't compare cost of living like that, when it's an entirely different kind of living.
 
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garp

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Aug 2, 2004
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9,012
While we all know that the rand has dropped like a lead balloon, it is sobering to realise that our salaries have pretty much halved in dollar terms over the last five years.
 
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