How Going Back to Budgeting Basics can Alleviate Financial Strain

John Perlman spoke to the chief business development manager at Debt Rescue, Annaline van der Poel, about how South Africans can cope with the rising cost of living. Many South Africans are incurring debt from just buying the bare necessities. Van der Poel suggests revisiting budgets regularly can help with some of the strain. According […]

Warning for Grocery Retailers in South Africa as Consumers Cut Back on These Items

Dhersan Chetty, equity analyst at Foord Asset Management says rising food inflation and rising interest rates are headwinds for both consumers and food manufacturers in South Africa. The net effect of rising food, transport and borrowing costs is the reduction of discretionary — or non-essential — spending by consumers, the analyst said. Higher inflation disproportionately impacts […]

South Africans are Cutting Down on Daily Meals due to High Food Prices

BUSINESS NEWS – A new survey shows that an astonishing 81% of South Africans are cutting down on daily meals due to high food prices as they cannot afford three square meals per day anymore, while 41% say their monthly grocery budget can no longer feed their families.  Rampant inflation is hitting South Africans where […]