Food prices climb again, here s how much a basket of basic will set you back.
17 May 2021 12:18 PM
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The Pietermaritzburg Economic Justice and Dignity Group (PMBEJD) s has released its latest Household Affordability Index.
A basket of basic essentials costs R340 more than it did in September. That s an increase of 8.9%.
It means the average cost of a household food basket in South Africa is currently R4 198,93.
By comparison, a month s salary (based on 19 working days) for a general worker on minimum wage is R3 296,88.
The findings come from the Pietermaritzburg Economic Justice and Dignity Group (PMBEJD) s latest Household Affordability Index.
12 May 2021 - 11:00 The Kolisi Foundation launched a nationwide blanket drive. It aims to collect and distribute at least 1,000 blankets across the country for the less fortunate. Image: Kolisi Foundation/Facebook
To help keep SA warm this winter, the Kolisi Foundation is pleading with South Africans to donate blankets for the less fortunate.
The foundation, founded by Springbok captain Siya Kolisi and his wife Rachel, launched a nationwide blanket drive with the aim to collect and distribute at least 1,000 blankets across the country.
The drive is in partnership with self-storage company, Stor-Age, and runs until May 19.
Speaking on Cape Talk on Tuesday, Rachel said they will be collecting the blankets at 51 drop-off points.
Ratings agency sends wage warning to South Africa
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Fitch Ratings says that government is unlikely to meet its goal of freezing public-sector wages over the next three years.
In a research note published on Tuesday (11 May), the credit rating agency said that the government’s inability to control spending would likely lead to further budgetary issues.
“Compensation of public sector workers accounts for a large share, about 35%, of government expenditure,” it said. “Ongoing negotiations on a new wage deal are likely be difficult and the government is unlikely to meet its target of agreeing on a wage freeze, leading to the risk of expenditure overruns.”