Debt Rescue’s Annaline van der Poel said families have had very little time
to adjust their budgets to the rapid increases.
“A 45-litre tank that cost just over R900 in March now costs more than
R1,350. For many South Africans, fuel and transport are expenses they
simply cannot avoid. The problem is that every additional rand spent
getting to work, taking children to school, or meeting everyday
responsibilities has to come from somewhere else in the household
budget. That puts further pressure on groceries, electricity, healthcare,
insurance, savings, and debt repayments”
Meanwhile, the public transport industry is also mulling a possible price
increase.
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