SA cities ranked as cheap to live but have they taken Woolies prices into account?

Loading player...
The Covid-19 pandemic has caused historic disruption to international mobility and it has prompted many companies to re-evaluate how they will manage a mobile workforce after the pandemic or if they should have stints overseas now that virtual work has become the norm for many companies.  A new list of the world’s most expensive cities could help companies decide and here is a surprise, it is not the usual suspects that top the list, but Ashgabat in Turkmenistan that is the world’s most expensive city. If you wondered what the attraction of Ashgabat is - it is described as a deserted white marble city with gold statues and manicured gardens, is on the old Silk Road and has vast natural oil and gas reserves. BizNews spoke to Vladimir Vrzhovski from Mercer, the company that published the 2021 Cost of Living Survey to find out the reason for Ashgabat’s top position and where South African cities ranked. Learn more about your ad choices. Visit megaphone.fm/adchoices
30 Jun 2021 2AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min