Inflation! You’ve heard the word, but you might not know what it actually means. Simply put, inflation is an increase in the price of goods and services and a decrease in how much your money can buy. Just think about what R300 bought you last year compared to today.
To see inflation in action enter an amount of money, set the annual inflation rate and the number of years. The calculator will work out the future value of your money. For example, if you have R100 today, that same amount will only be able to buy R78.35 worth of goods and services in 5 years' time at an annual inflation rate of 5%.
Our user-friendly calculators are here for you to gain the insights you need in making the smart choices that will empower you to protect and grow your wealth. The calculators do not provide any advice or recommendation in relation to the suitability of any products.
It’s important to note that the calculations are only estimates, based on your inputs and assumptions. Interest rates are a factor in all of them, and these vary from one financial services provider to another and are influenced by several factors including your credit history.