I’ve been in South Africa now for about three weeks. I was last here in 2010 and I was rather shocked at how affordable I’m finding it this time. I didn’t remember it being this cheap before.
As it turns out, my suspicions were correct. South Africa has gotten significantly cheaper. During my 2010 visit, the US Dollar (USD) was able to purchase about 7 South African Rand (ZAR). As of today, the dollar can now get 11.16 rand. That is over a 59% devaluation of the rand to the dollar!
To give you an idea of prices, I spent all of December in Australia. While I was there I ate several times at a popular South African chain restaurant called Nando’s.(they specialized in grilled chicken) The average meal at Nando’s in Australia would run me about US$21. The same exact meal at the same exact chain in South Africa was a bit over $7. A similar meal in the US would probably run around $12-15. That meal was also in Cape Town which is probably one of the most expensive cities in South Africa.
I’ve had many meals here in Durban where I never had to pay more than $5. The hotel I’m staying at is rated at 4-stars on Hotels.com (but I’d call it a 3-star). It is located across the street from the beach and is very nice by my standards. I’ve been paying US$38/night.