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

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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.

 

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