Image: Reuters
This is due to the high cost of living, forcing consumers to underspend on some items in order to increase their disposable income to survive the month.from 44 supermarkets and 30 butcheries in South Africa that target the low-income market. According to the study, the increase in the cost of living is forcing consumers to leave out some basic items because there is less money in their pockets.
Programme co-ordinator of Pietermaritzburg Economic Justice & Dignity Group , Mervyn Abrahams says, “Lower income households can no longer afford to buy sufficient and nutritious food because food has just become too expensive. The increase in taxi fares as well as electricity costs [are also putting pressure on the consumers].”
“We now see that for just these two costs, electricity and transport alone will take up about 58% of a national minimum wage of about R4000. And that would leave a household where income is at a national minimum wage, it would leave them with R1 709 to cover all the other expenses.
Well off course(i.e Duh!). Its not like this whole price escalation has not been preplanned. The facts speak for themselves. We have tyrants ruling, and media that is privatized therefore representing private interests.
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