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that pay way more for than the rest of the world. And if you've ever felt like your money disappears too fast, this will explain why. Number four was electricity. Since 2008, electricity has gone up by 500%. Number three is university fees. Degrees at UCT can cost over 100,000 rand a year. In Germany, university can be around 2,000 rand a year. And France, the same. Actually, I've got a nephew there. Nope, that's not a typo. They offer mostly free education. Number two is iPhones and electronics. We're getting scammed. An iPhone in South Africa costs around almost double what Americans pay. Between import duties and retailer markups, you're paying around 15,000 rand extra for the same thing. And the number one thing that South Africans overpay for the most, every time you buy a car, the government takes about 120,000 rand in tax before you even turn the key on an 800k car, 34% of what you pay is tax. So, one out of every three rand of a new government motor vehicle. So yeah, motor vehicles are overpriced.
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