South African households are paying R410 more for a basket of food iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
South Africans are paying more than 10% more for basic food items compared with a year ago, and those struggling to keep the lights on are likely to underspend on food by almost 40%.
Interest rate hike will hurt consumers iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Cash-strapped South Africans are being warned to brace themselves for the toughest economic conditions in at least a decade as food prices spiral and the war in Ukraine threatens to push fuel prices to record highs.