HOW DOES SOUTH AFRICA COM­PARE WHEN IT COMES TO TOOTH FAIRY IN­FLA­TION?

Finweek English Edition - - MONEY -

Very few grand­par­ents that I asked could re­call how much they got paid per tooth (and nei­ther can I). But two grand­par­ents who did re­mem­ber ac­cu­rately were my mother and mother-in-law. Why? Be­cause in the early Fifties they each got a spe­cific coin per tooth called a ‘ticky’. This was a South African coin worth three pence – since SA wasn’t yet a repub­lic with our own cur­rency, the rand didn’t yet ex­ist; how­ever, once rands came into be­ing, a rough rule of thumb was that three pence was equal to R0.025. Pay­outs in the Seven­ties to Eight­ies var­ied from R0.10 to R5 per tooth. Fast-track to the Nineties, when

R5 to R10 per tooth seemed to

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