EDITORIAL: Cost of living continues to rise beyond the means of many
Warnings bells are ringing about anger over rising costs, poor service delivery, load-shedding and unemployment
11 July 2022 - 05:05
In about three weeks’ time the temporary fuel levy relief that the government put in place in April will come to an end. With inflation now at 6.5%, its highest point since 2017, and above the SA Reserve Bank’s upper target limit of 6%, the ripple effect of reversing the fuel levy relief could be devastating.
The deepening cost of living crisis, driven largely by rising food and energy prices, is not unique to SA. Across the world, as countries tried to make their way back to pre-Covid-19 growth levels, the war in Ukraine further disrupted already fragile energy and food markets...
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