News in South Africa 23rd March: 1. Extreme concern among consumers: South African consumers are highly stressed and hold no high hopes for an easier time in 2023, the latest FNB/BER Consumer Confidence Index (CCI) shows – but wealthier consumers, with the greatest spending power, are the most down in the dumps. After showing some […]
News in South Africa 17th March: 1. Groceries cost 50% more: Over the past year, overarching factors such as geopolitical unrest, a weaker rand, and persistent and escalating load shedding have elevated food price inflation in South Africa – resulting in most consumers spending almost 50% more on groceries since 2019. This is according to […]
News in South Africa 15th February: 1. Inquiry into food prices launched: The Department of Trade and Industry and Competition has gazetted the terms of reference for a wide-reaching market inquiry related to the fresh produce market in South Africa, including prices. The inquiry, conducted by the Competition Commission, will investigate market conditions all along […]
News in South Africa 18th January: 1. Food shocker due to load shedding: The price of some staple food groups is expected to rise as load shedding takes its toll on the agricultural sector, says Christo van der Rheede, an executive director at Agri SA. Speaking to 702, Van der Rheede said that load shedding is […]
News in South Africa 9th January: 1. New goals for government: ANC president Cyril Ramaphosa said load shedding, crime, and corruption were harming the party’s public standing and should be tackled head-on in its 2023 priorities. Ramaphosa was speaking at the party’s January 8 birthday celebrations in Bloemfontein, the Free State, on Sunday. The speech […]
News in South Africa 14th December: 1. Expected food prices in 2023: The latest food inflation brief from the Bureau for Food and Agricultural Policy (BFAP) shows that food prices in South Africa remain at elevated levels and that consumers should expect higher prices going into next year. Reflecting the higher levels of food inflation […]
News in South Africa 12th October: 1. Warning over high meat prices: South Africa’s real gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022. The biggest contributors to this contraction were agriculture, forestry & fisheries, down 7.7%, and pulled lower by a decrease in the production of animal products. Compared to […]
News in South Africa 4th October: 1. Water levels critical: Johannesburg Water has again shut down the supply to the northern suburbs of Johannesburg. This is the fourth time in less than three weeks. The emergency shutdown of the Bryanston reservoir and tower is to attend to another burst. There is no estimated time for […]
News in South Africa 4th July: 1. Basic food prices up 15%: The latest Household Affordability Index from the Pietermaritzburg Economic Justice & Dignity Group shows that the price of a basic household food basket is up by 13.6% year-on-year in June. This basket now costs R4 688 and is a R560 increase from a year ago. […]
News in South Africa 20th January: 1. Vape industry targeted: National Treasury published a discussion paper on the intended taxation of electronic nicotine and non-nicotine delivery systems – vaping products – on December 15 last year, following the heads-up given by the Minister of Finance in the 2021 February Budget. The government had signalled its intention to start […]
