A new survey shows that 88% of South Africans are battling to afford even basic goods and services, as a volley of cost-of-living increases keep hitting them from all sides. 72% say that they will not be able to cover their household electricity needs any longer when the proposed new price hikes of 20.5% kick in in April.
“Consumers are in deep trouble against the backdrop of rising fuel and food prices, as well as a higher interest rate at the same time when unemployment is at an all-time high,” Neil Roets, CEO of Debt Rescue, says. “Core staple foods are the foods that ensure families do not go hungry and form the basis of nutritious meals. Due to the high cost of these essential foods, a lot of nutritious food is removed off family plates.”
“The reality is that more and more consumers will be buying these foods with their credit and store cards every month starting a downward spiral.”
Source: Loan Digest (loandigest.net)
Unfortunately the price of black economic transformation .
Debts are killing people
Jay ne, kunzima
It's difficult we are dead alive
Just imagine 🤷🏼♂️
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