Fuel Hikes Squeeze South African Households
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fuel prices surge, with petrol up by R3.06 and diesel by R7.37-51 per litre, while electricity costs rise by 8.76%. This increase will likely boost the cost of living, particularly for farmers preparing for winter planting. Despite a slight dip in the household food basket, experts predict prices may rise again due to higher energy costs affecting agriculture. Low-income families face the brunt of these changes, with electricity now accounting for 5.5% of their budgets. The latest affordability index reveals a minimum wage earner spends over half on transport and power, leaving scant funds for food and basics, falling short of the food poverty line.
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