At time of writing, the rand was trading at R15.58 to the US dollar, at R19.99 to the UK pound and at R18.08 to the Euro.

This compares with R11.50 to the US dollar, R16.37 to the pound and R14.12 to the Euro at the height of 'Ramaphoria' back in February. The effect on accommodation and food abroad has been dramatic. We priced an ordinary meal and a standard Holiday Inn room in New York, London and Paris to illustrate just how much the price has gone up.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now