The price of Joburg

Waiter, champagne! Illustrated with a nice photo of the Nelson Mandela bridge and the city centre, the Telegraph reports that Johannesburg is the cheapest city to live in the world.

The survey is done by Mercers and is slanted as it’s all about prices calculated to US dollars, meaning that euro-using cities have gone up and down a lot recently and that Johannesburg is on the bottom spot because of Rand fluctuations against the greenback – while the locals won’t have noticed much price differences if they are paid and spend in local currency.  Also, it measures typical expat costs, including upmarket apartment rental etc. Still, it goes to show that Johannesburg is good value for money.

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