Middle-income consumers are estimated to be spending 80% of their salaries in the first five days of the month. For lower-income earners, who are harder hit by inflation, the situation is likely to be worse.
Kgabo Masoga used to drive tourists around SA. After Covid wiped out his business, he bought a soft-serve machine and now sells ice cream to children on the side of the road. But rocketing costs mean he’s not sure how long that’ll last.
“I was charging between R5 and R6 per ice cream depending on what you had, but that’s definitely got to go up. Basically you end up running at a loss after you’ve used R100 of petrol to get to the corner to sell the ice cream and you go home at the end of the day with leftovers,” he tells the FM...
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How soaring living costs threaten new unrestAn FM survey shows that even the prices of basic foods has rocketed more than 20% in a year, putting SA’s already-tenuous social stability at risk. But hiking grants, while a temporary relief, won’t put more people in jobs and provide a living income.
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How soaring living costs threaten new unrestAn FM survey shows that even the prices of basic foods has rocketed more than 20% in a year, putting SA’s already-tenuous social stability at risk. But hiking grants, while a temporary relief, won’t put more people in jobs and provide a living income.
Read more »
How soaring living costs threaten new unrestAn FM survey shows that even the prices of basic foods has rocketed more than 20% in a year, putting SA’s already-tenuous social stability at risk. But hiking grants, while a temporary relief, won’t put more people in jobs and provide a living income.
Read more »
How soaring living costs threaten new unrestAn FM survey shows that even the prices of basic foods has rocketed more than 20% in a year, putting SA’s already-tenuous social stability at risk. But hiking grants, while a temporary relief, won’t put more people in jobs and provide a living income.
Read more »
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How soaring living costs threaten new unrestAn FM survey shows that even the prices of basic foods has rocketed more than 20% in a year, putting SA’s already-tenuous social stability at risk. But hiking grants, while a temporary relief, won’t put more people in jobs and provide a living income.
Read more »