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R700 for a single meal at #WEF in Davos

It could cost an individual anything up to R500,000 to attend this year's World Economic Forum in Davos.

The World Economic Forum's annual meeting is being held in Davos, Switzerland. Picture: Reinart Toerien/EWN.

JOHANNESBURG - The weaker rand has resulted in prices sky-rocketing in Davos for South Africans who have travelled there for the World Economic Forum.

A meal has cost one business reporter a whopping R700.

It could cost an individual anything up to R500,000 to attend this year's World Economic Forum in Davos.

Editor and Publisher of biz news, Alec Hogg, says this is his thirteenth trip.

Yesterday he purchased a chicken Caesar salad and a glass of milk - the same meal he bought last year.

"It cost me 41 Swiss francs and 50 cents and that's worth up to R700 as compared to last year where it was just over R500 and the year before it was under R400."

Hogg says this shows how the rand is falling.

There are about 80 South African delegates attending this year and the overall cost is about 40 percent more compared to last year.

Visit the Eyewitness News World Economic Forum 2016 special feature.