By: Given Majola - IOL Business

South African consumers’ disposable income was being eroded by persistently high interest rates and inflation (especially food inflation) while a lack of any meaningful economic growth was constraining their salaries.

By: Xolile Mtembu - IOL

South Africans spend over one-third of their income on food, and growing costs have a significant impact on their finances.

By: Siphelele Dludla – IOL Business Report

THE Automobile Association (AA) has warned of another petrol price hike in May that will push the cost of living even higher for financially-constrained consumers, as inflation also remained sticky above 5% in March.

By: News24

Petrol will be hiked on Wednesday (03/04/2024), while wholesale diesel prices are mixed.  

For many, Easter is a time of celebration and tradition, marked by gatherings with loved ones and delicious meals. However, the financial strain brought on by the increased cost of living may require families to adjust their usual celebrations, which includes cutting back on spending.

By: Given Majola - IOL Business

Consumers got a reprieve at the till this month as the cost of the average household food basket showed a marginal increase.

According to NIQ, 44% of South African consumers feel they are in a worse financial position this year compared to a year ago.

By: Dhivana Rajgopaul – IOL Business

South African consumers are choosing to prioritise buying household food essentials, instead of spending money on Easter eggs.

By: Dhivanah Rajgopaul – IOL Business

The average South African household could be spending as much as R480 extra on their monthly electricity bills from April, translating to an additional R5,760 each year on electricity costs.