South Africa has been in the news quite a lot lately - mining - TopicsExpress

South Africa has been in the news quite a lot lately - mining strikes, electricity shortages and political scandals. Did you know that these headlines may directly affect your pocket? How? Well when SA receives bad press its possible that investors and maybe even tourists are scared off - this means they might not want to invest or visit our country anymore. This causes a drop in demand for our currency ( because less people are buying Rands). When demand drops the Rand will depreciate which means its more expensive for us to import goods and services. This means when you go shopping to buy that TV that you will pay more. This has cost increase particularly hits us hard with petrol prices which have a knock on effect on multiple goods an services we buy. Here is a helpful clip to help you learn more https://m.youtube/watch?v=xwtgByffoUw

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