Cost Of Living On The Rise Throughout SA

It appears that citizens throughout the country have found themselves having to spend more money on fewer products and services. This comes as a result of factors such as several job losses due to Covid19, the recent unrest and the rapid rise in e-tariff prices while the cost of living continues to rise.   

 

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More and more South Africans have now found themselves living through challenging times as many of them are getting far less for more money.

Many people have either lost their jobs or have had to reduce incomes due to COVID-19, however, the increasing cost of living continues to skyrocket in many parts of the country.

In Phoenix, Raven Kiten, an owner of one of the stores that were looted during the unrest three weeks ago says he was heartbroken when he found his butchery vandalized with some valuable items stolen. But through the support of his staff and customers, he was able to reopen the store, but he's still under a lot of stress.

I opened this store in 2016, it was a lot of hard work. The staff that we had in 2016 is still here with us and I think we were doing something very good and very right. When I looked at the store, it didn't look like it was going to reopen any time soon. I told my staff I wasn't going to be able to pay them cause we owe suppliers money and everything is gone. 

In Cape Town, residents and civic societies are angered by the City of Cape Town's decision to increase electricity tariffs, which came into effect on 01 July 2021.

Although the city says it has the lowest percentage increase than other metros, civic groups such as Electricity Price Hikes Must fall say there are additional charges that make these price hikes much worse for low-income households.

We are already experiencing load-shedding but there are people who now have to create their own load-shedding just to cope with the amount of money that they have to spend on electricity. It's outrageous, they cannot cope, they have to choose between food and electricity and we are not exaggerating. 

Additionally, many of the people in the metro spend 30% of their income on transport as they often have to travel to the CBD for work.

Meanwhile, residents in Johannesburg have not been spared from the hike in utility prices, with the recent increase in electricity prices standing at 14.59% which is reported to be at four times the inflation rate, while the increase in public sector wages stands at 1.5%.

SAFTU says trade unions lack unity and are not well coordinated in addressing these issues and as a result, fail to properly defend the rights of workers, particularly those in the public sector. 

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