South Africa leads among Africa’s Top 10 countries with the highest cost of living, creating significant financial challenges for its residents. The rising expenses in sectors such as transport, electricity, and food have strained household budgets, exacerbating inequality and slowing economic growth.
Here are Africa’s Top 10 countries with the highest cost of living , with South Africa ’s cost of living being a major concern.
Although slowing or decreasing inflation is a positive development, the fact of the matter is that prices have settled at higher levels and remain a challenge for many consumers.increased by more than 50% between September 2020 and September 2024. In addition to food prices, high oil prices have increased transport costs.According to a survey by Olemera Financial Services, South Africans are increasingly turning to gambling in the hope of making ends meet.
South Africa Cost Of Living Economic Crisis Inequality Economic Growth
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