1994 vs 2018: How the South African economy crumbled

1994 vs 2018: How the South African economy crumbled

Who could forget 1994- the year when South Africans were finally set free from the heavy oppression by the apartheid rule.

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In 1994, Nelson Mandela became the first democratic president of South Africa. He took over from his predecessor F.W. de Klerk and South Africans were hopeful.

Sanctions from outside countries were lifted and South Africa was getting ready to move forward, in unity.

And, although we accomplished so much since then, a corrupt government and private sector led to the economy slowly losing grip- leading to a much weaker rand.

One social media user posted a till slip from 1994, and it is shocking to see the difference between the prices of goods then and now.

“A grocery till slip from 1994. Can we please go back in time”, @bipzz captioned the photo.

READ ALSO: A South African success story: Meet the man who sold Artchaar to pay for his studies

The long till slip totals just over R150, an amount in 2018 that would buy one only one bag of groceries.

The picture prompted a debate on Twitter, with another tweep posting the price of a pair of shoes- the cheapest being only R12,99.

Briefly.co.za took five items from the 1994 till slip and compared it to the price one would pay for it today.

1. Sweet potatoes

Today, a one-kilogram sweet potato bag would cost R23,99. In 1994, a person would have bought it for R1,25.

2. Pork rashers

Pork rashers cost only R6,53 in 1994 compared to R60 for 400g in 2018.

3. Pronutro 750g

At Woolworths, a 750g Pronutro box costs R56,99. In 1994, it set a person back only R7,49.

4. Stork country spread

A 500g Stork Country Spread Tub retails for R26,22 at Pick ‘n Pay, where in 1994 one could have bought it for R7,25.

5. Green grapes

In 1994, green grapes cost 0,22cents. Today, green grapes cost R35 for 500g.

What are your thoughts on the price difference from 1994 to 2018? Leave us a comment on our Facebook page or inbox us your story and we could feature it.

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Watch Mzansi's billionaires in the video below from our Briefly - South Africa YouTube channel.

Source: Briefly.co.za

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