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Concerns over rising cost of living after power, fuel price hikes kick in

Concerns over rising cost of living after power, fuel price hikes kick in Fuel prices shot up at midnight - with 93 octane petrol increasing by 95 cents a litre, while 95 octane increased by one rand. © sifotography/123rf.com 0 minutes ago JOHANNESBURG - With significant price increases now facing consumers, there are concerns that the cost of living will increase dramatically, making it near impossible for many to make ends meet. Fuel prices shot up at midnight, with 93 octane petrol increasing by 95 cents a litre, while 95 octane increased by one rand. Diesel increased by between 63 and 65 cents. There were fears that households would battle and that some businesses may not survive.

Calls for the Reserve Bank to intervene on rising inflation on essential goods

Calls for the Reserve Bank to intervene on rising inflation on essential goods By Silindile Nyathikazi Share Durban - CALLS are being made for the Reserve Bank to monitor more stringently inflationary increases on food, electricity and transport, and their impact on low-income households and the broader economy. Part of the plea also included for the central bank to act decisively when such increases threaten the affordability levels of low-income households and damage the economy. This comes as the cost of the Durban household food basket increased by R26,70 (0,7%) from R4 051,78 in February 2021 to R4 078,48 in March 2021, according to the latest Household Affordability Index released by The Pietermaritzburg Economic Justice and Dignity Group (PMBEJD).

SA tops global food security index on continent, but affordability still low

SA tops global food security index on continent, but affordability still low © Provided by Daily News Cape Town – South Africa has ranked the highest in food security out of 28 countries in Sub-Saharan Africa (SSA), but affordability still remained low. The 2020 Global Food Security Index (GFSI) report released yesterday indicated that while the country still performs well in terms of the general availability of food in the country, SA’s global ranking still fell from 67th to 69th, out of 113 countries. Using a new methodology which analyses food systems’ resilience against climate change, the report highlighted already stark and growing inequalities regarding access to food across the country.

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