South Africa's Cost of Living Crisis: A Wake-Up Call
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South Africas Competition Commission warns of escalating prices for essentials, with electricity and water costs surging 85% and 68% respectively from 2020 to early 2026. Food prices, particularly eggs and chicken, have seen rapid increases despite decreasing producer costs. Low-income families bear the brunt, with education fees rising 37% and 42% for primary and secondary schools since 2020. Healthcare consultations have seen a 4.2% increase, matching medical inflation. The commission calls for stricter price controls and transparency to protect vulnerable households and boost economic recovery.
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