66% of South Africans couldn’t afford three meals a day in the past couple of months

Loading player...
GUEST – Annaline van der Poel - head of new business at Debt Rescue Africa

A recent survey conducted by Debt Rescue revealed that two-thirds of the nation are now struggling to put enough food on the table to feed their families – with 66% of South Africans saying that they have had to skip a meal in recent months as they couldn’t afford three meals a day.

Against this backdrop the news that the household food basket increased by R25.48 (0.5%), from R5 056.45 in June 2023 to R5 081.94 in July 2023, is akin to rubbing salt into an open wound. Even more disturbing is that the items which increased in price by 5% or more are items like white sugar (7%), potatoes (8%), eggs (5%), and fish (7%) – all staple foods needed to serve up a decent meal. The Household Affordability Index is conducted by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD), and tracks food price data from 47 supermarkets and 32 butcheries across the country on a month-by month basis.
29 Aug 2023 4PM English South Africa Business News · Investing

Other recent episodes

Sasfin Wealth’s rebrand to Otto1890

Erol Zeki, CEO of Otto1890 (formerly known as Sasfin Wealth), joins us to talk about the group’s strategic shift beyond the branding. The group is looking to tap into private market opportunities, amongst other things.
30 Mar 5PM 17 min

SA’s producer price outlook deteriorates sharply

Producer price inflation showed signs of easing in January, according to data from Stats SA. Economists from Nedbank say the outlook has deteriorated sharply, and Johannes Khosa explains why…
30 Mar 5PM 11 min

Careers Corner – Are degrees still relevant in SA’s job market

South Africa’s youth unemployment crisis has raised concerns about the validity of chasing a degree to secure employability. Professor Linda du Plessis, Senior Deputy Vice-Chancellor, North-West University, argues that there is still value with the right approach by educators.
30 Mar 5PM 12 min

Middle East-driven energy shock for Africa

We explore how the Middle East-driven global energy shock is reshaping Africa’s fuel security, what it means for businesses and consumers, and whether the crisis could accelerate a shift toward more resilient, local energy solutions. For more on this, we caught up with NJ Ayuk, CEO of the African Energy…
30 Mar 5PM 12 min