Price hikes are affecting South Africans
If you’re feeling the weight of the price hikes in the country, you’re not alone. While South Africans are in for a rough ride after the recent electricity and fuel hikes, already struggling consumers may have to tighten their belts even more.
eNCA speaks to Debt Rescue’s Annaline van der Poel and AFRA Consultants’s Financial Economist Sifiso Skenjana.
Statistics say almost half of consumers are in 3 months or more in arrears with some form of debt payments. All these increases, such as fuel, have a knock-on effect on the price of everything else, including food and other services.
South African consumers are really struggling.