How do you measure your wealth? Do you measure it in rands, dollars or pounds like so many people do? Or do you measure it in physical (real) assets? Does it really matter? In fact it does, because the measure of wealth you use is most probably what you will accumulate.
The effects of using non real money can only be addressed if we start using real money. There is no other cure. I believe that money cannot be decided upon by government or any authority. Just like since the beginning of time, people should be allowed to use things that are acceptable (acceptable by the participants in the economy) as money and eventually one or a few things will become widely accepted and eventually replace all other forms of money.
What is inflation in reality? It is the loss of buying power of the money we use. Where does the lost buying power go? Let me explain in simple terms.
The Rand “has thus lost 99.77% of its value against gold since 1967. That is almost all of its value”