South Africa Inflation Calculator

R

Result: R100 in 1967 → R9,712.18 in 2024


The South African rand has lost 99% its value since 1967

Updated: April 10, 2025

R100 in 1967 is equivalent in purchasing power to about R9,712.18 today, an increase of R9,612.18 over 57 years. The rand had an average inflation rate of 8.36% per year between 1967 and today, producing a cumulative price increase of 9,612.18%.

This means that today's prices are 97.12 times as high as average prices since 1967, according to the OECD and the World Bank consumer price index for South Africa. A rand today only buys 1.030% of what it could buy back then.

The inflation rate in 1967 was 3.54%. 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.


Inflation from 1967 to 2024
Cumulative price change9,612.18%
Average inflation rate8.36%
Converted amount
R100 base
R9,712.18
Price difference
R100 base
R9,612.18
CPI in 19671.629
CPI in 2024158.258
Inflation in 19673.54%
Inflation in 20245.49%
R100 in 1967R9,712.18 in 2024

ZAR inflation since 1967
Annual Rate, the OECD and the World Bank CPI
Download

Buying power of R100 in 1967

This chart shows a calculation of buying power equivalence for R100 in 1967 (price index tracking began in 1957).

For example, if you started with R100, you would need to end with R9,712.18 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When R100 is equivalent to R9,712.18 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 1967 dollars, the chart below shows how R100 is worth less over 57 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:

Rand inflation: 1967-2024
YearRand ValueInflation Rate
1967R100.003.54%
1968R101.991.99%
1969R105.293.24%
1970R110.544.99%
1971R117.135.96%
1972R124.666.43%
1973R136.429.43%
1974R152.4111.72%
1975R172.8713.43%
1976R191.9211.02%
1977R213.3311.15%
1978R237.0811.14%
1979R268.6013.29%
1980R305.2913.66%
1981R351.8615.25%
1982R403.3714.64%
1983R453.0012.30%
1984R505.2111.53%
1985R587.5316.29%
1986R697.1418.65%
1987R809.8016.16%
1988R913.2912.78%
1989R1,047.8214.73%
1990R1,197.8814.32%
1991R1,381.5715.33%
1992R1,573.2613.87%
1993R1,726.149.72%
1994R1,880.438.94%
1995R2,043.668.68%
1996R2,193.967.35%
1997R2,382.598.60%
1998R2,546.526.88%
1999R2,678.475.18%
2000R2,821.475.34%
2001R2,982.355.70%
2002R3,265.529.49%
2003R3,450.985.68%
2004R3,427.10-0.69%
2005R3,497.792.06%
2006R3,611.263.24%
2007R3,834.356.18%
2008R4,220.6510.07%
2009R4,525.187.22%
2010R4,710.254.09%
2011R4,945.735.00%
2012R5,228.855.72%
2013R5,531.315.78%
2014R5,870.376.13%
2015R6,136.934.54%
2016R6,540.216.57%
2017R6,879.275.18%
2018R7,190.024.52%
2019R7,486.274.12%
2020R7,726.583.21%
2021R8,082.904.61%
2022R8,651.917.04%
2023R9,245.106.86%
2024R9,712.185.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 51 more rows

This conversion table shows various other 1967 amounts in today's rand, based on the 9,612.18% change in prices:

Conversion: 1967 rand today
Initial valueEquivalent value
R1 rand in 1967R97.12 rand today
R5 rand in 1967R485.61 rand today
R10 rand in 1967R971.22 rand today
R50 rand in 1967R4,856.09 rand today
R100 rand in 1967R9,712.18 rand today
R500 rand in 1967R48,560.90 rand today
R1,000 rand in 1967R97,121.80 rand today
R5,000 rand in 1967R485,609.02 rand today
R10,000 rand in 1967R971,218.03 rand today
R50,000 rand in 1967R4,856,090.16 rand today
R100,000 rand in 1967R9,712,180.31 rand today
R500,000 rand in 1967R48,560,901.56 rand today
R1,000,000 rand in 1967R97,121,803.12 rand today

How to calculate inflation rate for R100 since 1967

Our calculations use the following inflation rate formula to calculate the change in value between 1967 and today:

CPI today CPI in 1967
×
1967 ZAR value
=
Today's value

Then plug in historical CPI values. The South African CPI was 1.62948 in the year 1967 and 158.25803574504084 in 2024:

158.258035745040841.62948
×
R100
=
R9,712.18

R100 in 1967 has the same "purchasing power" or "buying power" as R9,712.18 in 2024.

To get the total inflation rate for the 57 years between 1967 and 2024, we use the following formula:

CPI in 2024 - CPI in 1967CPI in 1967
×
100
=
Cumulative inflation rate (57 years)

Plugging in the values to this equation, we get:

158.25803574504084 - 1.629481.62948
×
100
=
9,612%

Data source & citation

You may use the following MLA citation for this page: “Value of 1967 South African rand today | South Africa Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 May. 2025, https://www.officialdata.org/south-africa/inflation/1967.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1967 to 2024
Cumulative price change9,612.18%
Average inflation rate8.36%
Converted amount
R100 base
R9,712.18
Price difference
R100 base
R9,612.18
CPI in 19671.629
CPI in 2024158.258
Inflation in 19673.54%
Inflation in 20245.49%
R100 in 1967R9,712.18 in 2024