One of the secrets of the wealthy is to make inflation work for them, not against them, as it does for the majority of people.
One of the secrets of the wealthy is to make inflation work for them, not against them, as it does for the majority of people.
Unfortunately, few South Africans really understand what inflation is, and the devastating effect it has on our financial futures, according to Dr Koos du Toit, chief executive officer of P3 Investment Group.
Du Toit explains that in September 2013, the annual inflation rate was 6 percent, just within SARB’s target range of 3 to 6 percent.
What this means is that it costs 6 percent more than it did last year to buy the same ‘shopping basket’ of goods and services.
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