I don’t think there is a single South African who is not familiar with the Wimpy restaurant group. It always reminds me of long drives to some or other vacation spot and a quick stop for a Wimpy burger after refuelling the car somewhere along the way. While browsing the internet the other day, I came across a nearly 50-year-old Wimpy menu. Now, to place things into context, a regular Wimpy burger and chips will cost you R59.90 today. Consider that you wouldn’t have paid VAT 50 years ago, the burger must have cost you R52 then, right? Wrong. The Wimpy menu clearly shows us that a burger and chips cost a mere 35c in 1972. Why is this burger 14 783% more expensive today (or why did the price increase by 11% every year)? The short answer is because of inflation.
This story is from the 22 October 2021 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the 22 October 2021 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
