Result: R100 in 1958 → R11,926.76 in 2024
The South African rand has lost 99.162% of its value since 1958
Updated: October 10, 2024R100 in 1958 is equivalent in purchasing power to about R11,926.76 today, an increase of R11,826.76 over 66 years. The rand had an average inflation rate of 7.51% per year between 1958 and today, producing a cumulative price increase of 11,826.76%.
This means that today's prices are 119.27 times as high as average prices since 1958, according to the OECD and the World Bank consumer price index for South Africa. A rand today only buys 0.838% of what it could buy back then.
The inflation rate in 1958 was 3.46%. The current inflation rate compared to the end of last year is now 5.49%. If this number holds, R100 today will be equivalent in buying power to R105.49 next year.
⌃
| Cumulative price change | 11,826.76% |
| Average inflation rate | 7.51% |
| Converted amount R100 base | R11,926.76 |
| Price difference R100 base | R11,826.76 |
| CPI in 1958 | 1.327 |
| CPI in 2024 | 158.258 |
| Inflation in 1958 | 3.46% |
| Inflation in 2024 | 5.49% |
| R100 in 1958 | R11,926.76 in 2024 |
Buying power of R100 in 1958
This chart shows a calculation of buying power equivalence for R100 in 1958 (price index tracking began in 1957).
For example, if you started with R100, you would need to end with R11,926.76 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When R100 is equivalent to R11,926.76 over time, that means that the "real value" of a single South African rand decreases over time. In other words, a rand will pay for fewer items at the store.
This effect explains how inflation erodes the value of a rand over time. By calculating the value in 1958 dollars, the chart below shows how R100 is worth less over 66 years.
According to the OECD and the World Bank, each of these ZAR amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1958 amounts in today's rand, based on the 11,826.76% change in prices:
| Initial value | Equivalent value |
|---|---|
| R1 rand in 1958 | R119.27 rand today |
| R5 rand in 1958 | R596.34 rand today |
| R10 rand in 1958 | R1,192.68 rand today |
| R50 rand in 1958 | R5,963.38 rand today |
| R100 rand in 1958 | R11,926.76 rand today |
| R500 rand in 1958 | R59,633.78 rand today |
| R1,000 rand in 1958 | R119,267.56 rand today |
| R5,000 rand in 1958 | R596,337.81 rand today |
| R10,000 rand in 1958 | R1,192,675.62 rand today |
| R50,000 rand in 1958 | R5,963,378.08 rand today |
| R100,000 rand in 1958 | R11,926,756.16 rand today |
| R500,000 rand in 1958 | R59,633,780.79 rand today |
| R1,000,000 rand in 1958 | R119,267,561.58 rand today |
How to calculate inflation rate for R100 since 1958
Our calculations use the following inflation rate formula to calculate the change in value between 1958 and today:
CPI today CPI in 1958
×
1958 ZAR value
=
Today's value
Then plug in historical CPI values. The South African CPI was 1.326916 in the year 1958 and 158.25803574504084 in 2024:
158.258035745040841.326916
×
R100
=
R11,926.76
R100 in 1958 has the same "purchasing power" or "buying power" as R11,926.76 in 2024.
To get the total inflation rate for the 66 years between 1958 and 2024, we use the following formula:
CPI in 2024 - CPI in 1958CPI in 1958
×
100
=
Cumulative inflation rate (66 years)
Plugging in the values to this equation, we get:
158.25803574504084 - 1.3269161.326916
×
100
=
11,827%
Data source & citation
You may use the following MLA citation for this page: “South Africa Inflation Calculator: World Bank data, 1958-2024 (ZAR).” Official Inflation Data, Alioth Finance, 12 Oct. 2024, https://www.officialdata.org/south-africa/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 11,826.76% |
| Average inflation rate | 7.51% |
| Converted amount R100 base | R11,926.76 |
| Price difference R100 base | R11,826.76 |
| CPI in 1958 | 1.327 |
| CPI in 2024 | 158.258 |
| Inflation in 1958 | 3.46% |
| Inflation in 2024 | 5.49% |
| R100 in 1958 | R11,926.76 in 2024 |