chrislbecker.com

Monetary debasement is a killer of household finances as it lowers the value of salaries, meaning over time workers must fork out more rands to receive the same amount of goods as before. It is not the price of goods going up, but the price of money going down.

It is therefore not surprising to see that South African households are now going into debt not to buy durable goods such as homes, vehicles and furniture, but to put food on the table.