Soaring cost of potatoes drives up South African Shisa Nyama Index | Business

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The Shisa Nyama Index suggests it’s going to be a tough 2023 for low-income earners in South Africa — which has an unemployment rate of 32.7% and power shortages that have resulted in rolling blackouts every day this year. | News24_Business

Fuel-price increases and heavy rainfall in the first two months of the year have also impacted the cost of some foodstuffs. President Cyril Ramaphosa declared a national state of disaster over the energy crisis on February 9 and one over flooding four days later.

During South Africa’s peak tourist seasons, Brokensha buys as many as 150 bags of potatoes a week. A 10kg bag cost R89 at the only supermarket in the small nearby town of Mbwanza for most of 2022, but toward the end of the year, the price jumped to R110, he said. The PMBEJD’s data shows that last month, across the five big centers it covers, a bag of potatoes was most expensive in Springbok at 99.03 rand, followed by the KwaZulu-Natal port city of Durban, at 96.14 rand — 7% more costly than the average price.

 

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