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Life really is cheap in SA

By Faeza
23 February 2016

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You may be struggling to make ends meet, but you are living in the cheapest country in the world.

That's according to a GOBankingRates study, which ranked 112 nations by comparing local purchasing power to the cost of consumer goods and services in New York City.

Sourced from the online database Numbeo.com, the living indices found that rent, groceries, goods and services are, respectively, 80%, 71% and 65.8% cheaper in South Africa.

GO-BankingRates stated: "It's also the world's largest producer of platinum, gold and chromium, which goes far to enrich the country and its economy.

"This resulted in a local purchasing power that's significantly higher than what New Yorkers face, which is the most favourable factor that puts South Africa at No1."

TimesLive has more details.