August 2019

THE BIG MAC INDEX SAYS THE RAND IS WAY UNDERVALUED

Over 80 countries worldwide produce McDonald’s Big Mac hamburgers to similar recipes, and that, say some researchers, makes them a perfect universal commodity with which to compare the PPP (Purchasing Power Parity) of different currencies. Hence The Economist’s annual “Big Mac Index”. And whilst many economists question the real value of “Burgernomics”, and whilst it

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