Debt is another pressure point
Neil Roets, CEO of Debt Rescue, said the combination of fuel, food and municipal cost increases had contributed to a deeper consumer debt crisis.
“The fact is, people are simply unable to make ends meet every month, and are using their store and credit cards to fill the gap.”
“The sad fact is, every additional rand spent servicing debt is a rand that is no longer available for groceries, transport or other household necessities,” he added.