South African Families Struggle with Soaring Costs
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South African families face escalating costs for essentials like maize meal, bread, eggs, and cooking oil, with electricity bills also surging. Eskoms tariffs increased by 11.3% and some cities by 15%, leading to a 85% rise over five years, far exceeding the 30% headline inflation. Water costs have also jumped by 68% over five years. The Competition Commissions report attributes these hikes to outdated infrastructure, massive debts, and inefficiencies in utilities. Food prices show mixed trends, with eggs barely dropping despite cheaper producer prices and chicken portions rising. Maize meal margins remain high at 37% despite falling farm costs. Commissioner Doris Tshepe advocates for stricter price checks, transparency in tariffs, and safeguards for vulnerable households amidst this cost crunch.
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