Let’s not cut breakfast in tough times | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

OPINION: Let’s all come together and feed a child today in order to break the cycle of poverty, safeguard their future, and maybe even save the country’s economy, writes Eugene Solomon. busrep

Cape Town - According to the 2019 Statistics South Africa's National Poverty Line report, R561 suffices. For a typical South African family - which according to the UN Household Size and Composition report currently averages two parents plus four children in this country - this is R3366 a month. Bear in mind that this amount does not include other household necessities such as electricity and water, as well as essentials such as clothing and transport.

With the minimum wage for a vast number of South African families currently standing at a low R3000 a month, just how many can afford to eat a nutritious meal daily? Not many. In 2017, the number of people living in poverty stood at nearly 14million, with half of South Africans surviving on less than R900 a month. The situation has not improved since then. Trading Economics have put the unemployment rate at 29percent during the second quarter of 2019, up from 27.6percent earlier in the year.

Along with the increase in unemployment are sharp increases in the cost of petrol and food, with StatsSA placing the annual consumer inflation at 4.5percent in May. In April, inflation stood at 4.4percent. This resulted in soaring prices for basic foodstuffs such as maize meal and tinned fish.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Check out the top 10 popular suburbs to rent homes in Johannesburg | IOL Business ReportPrivate Property took a look at which suburbs are the most popular to rent in Gauteng, and they worked to a strict budget.
Source: IOL - 🏆 46. / 51 Read more »

Fashion retailer Forever 21 files for bankruptcy | IOL Business ReportFashion retailer Forever 21 Inc has filed for Chapter 11 bankruptcy as it joins a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce. busrep
Source: IOL - 🏆 46. / 51 Read more »