A Centre for Risk Analysis index measuring the ingredients used in making porridge shows that wages are not keeping pace with prices
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.The cost of making maize meal porridge has exceeded the growth in minimum wages, making it difficult for vulnerable households to put this basic foodstuff on the table, a new research report says.
This basket consists of specific foods and quantities that women from an average low-income household, typically consisting of seven people, aim to buy monthly. The data shows that the price of maize meal decreased by more than 5% from February 2023 to February 2024, because of favourable harvests and an anticipated global decrease in demand.
“These escalating diesel costs have a cascading effect on food inflation, as retailers inevitably pass on the increased expenses to consumers,” the report noted. Data from StatsSA shows that 20% of households report inadequate food, with more than “half a million of these households having children aged five years or younger”, she said, adding that the index shows that the price of maize meal is about 15% higher than it was in 2021.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Legacy AML risk assessment models not up to challenge of evolving risk managementArctic Intelligence's AML Accelerate and Risk Assessment Platform are both available in SA through a new partnership with Bateleur Software.
Read more »
El Nino raises food security risk in southern Africa: FAOThe El Nino weather phenomenon, coupled with widespread drought, is posing an increasing risk to food security in southern Africa, a UN agency warned Friday. El Nino is a natural weather phenomenon, corresponding to a warming of a large part of the tropical Pacific.
Read more »
Scorching heat raises South African food inflation risk'The major risks to consumer food inflation in South Africa in 2024 will primarily be white maize products,' Wandile Sihlobo.
Read more »
Mr D beats Uber Eats in food delivery price shootoutWe compared the price of ordering meals for delivery from six popular fast-food restaurants on Uber Eats and Mr D Food.
Read more »
Missing Joshlin Smith update: Police discover blood-stained clothing lined up for forensic analysisAccording to police the blood-stained clothes, believed to be Joshlin Smith's, were found in an open field on Saturday night.
Read more »
Maximizing profits with Trading View: strategies for effective technical analysisAfrica's Technology News Leader
Read more »