News in South Africa 27th October: 1. Warning signs for inflation: Producer price inflation (PPI) has grown, spelling bad news for South African consumers at the tills. According to Stats SA, September’s headline PPI increased from 4.3% in August to 5.1% in September – slightly worse than the Bloomberg consensus of 5.0%. The main contributors […]
News in South Africa 17th October: 1. Food insecurity warning: The number of people unable to meet their minimum food consumption needs in South Africa is expected to marginally decline to just under one in two by 2025, according to the World Data Lab. The firm, which conducted research for Shoprite Holdings Ltd.’s food index, […]
News in South Africa 6th June: 1. Supermarkets’ diesel bill nears R3bn: The largest supermarket retailers in South Africa have now spent nearly R3 billion on diesel, to enable them to run generators so they could trade through the near-constant load shedding over the past nine months. The bulk of this expense came in the […]
News in South Africa 24th May: 1. Grocery costs spike: South Africans are cutting down on groceries amidst challenging economic conditions. Stats SA will publish the latest Consumer Price Inflation numbers on Wednesday (24 May), with economists anticipating a slight drop to 6.9% from 7.1% in March. Inflation has remained sticky at elevated levels, sitting […]
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 4th January: 1. Petrol price drop: Motorists can breathe a sigh of relief this week with petrol and diesel prices seeing a substantial drop in the price from Wednesday, 4 January. However, households will remain under pressure due to high food costs, analysts warn. Petrol prices will be coming down by […]
News in South Africa 16th May: 1. Covid infections slowing: While the national government is still reticent to say whether South Africa has entered into a fifth wave of Covid-19, senior researcher at the Council for Scientific and Industrial Research (CSIR), Dr Ridhwaan Suliman, says the country entered into the latest wave some three weeks ago, and […]
News in South Africa 11th May: 1. Cost of living rising ever higher: The upward pressure on food, fuel, and electricity prices will adversely impact all households during 2022. However, due to varying spending abilities and priorities, households in different expenditure deciles will be impacted differently, a new analysis by professional services firm PwC shows. […]
News in South Africa 28th March: 1. Costs of living soaring: The costs of the Ukraine war have started to hit closer to home in South Africa. Workers are spending more on transport, food and electricity to make it through the month. Spiralling international oil prices, largely on the back of the Russia-Ukraine conflict, have […]
News in South Africa 10th March: 1. State of disaster continues: The South African government is considering extending the country-wide state of disaster, which was imposed in mid-March 2020 in response to the Covid-19 pandemic, regulating the movement of people, the size of social gatherings, curfews and introducing mandatory mask-wearing in public. Sources involved in […]
