Food prices
ANALYSIS: Better food price controls needed to shield poor from COVID-19 fallout
There needs to be an urgent expansion of price controls, as well as an inquiry into the price-setting of major retailers.
The Competition Commission has released a report showing the rand depreciation and panic buying were partial drivers of price increases in food markets at the beginning of the pandemic.
A study reveals that since the end of March, the price of basic food items such as rice, bread and potatoes have all gone up.
The latest 'Nielsen Shoppergraphics Syndicated Report' shows a move in consumer spending toward more dry groceries and perishables.
Municipal rates are going up, which means consumers will be paying more for water and electricity, and at the same time, the latest fuel price hikes kick in on Wednesday.
Global food prices rose 8.2% in 2017 from the previous year, reaching their highest annual value since 2014.
Eyewitness News caught up with some Christmas shoppers who have already hit the stores for their favourite meals.
The Agricultural Business Chamber says the better-than-expected CPI figure is underpinned by lower food inflation.
Economists say continuous downpours could assist in the agriculture sector in the coming months.
On a month-on-month basis prices also dropped 0.1% after a 0.8% increase in June.
The 15 hybrids, bred in Kenya and Tanzania, are also tolerant to diseases and the high temperatures.
Sterling has dropped around 10 percent against both the dollar and euro since the 23 June vote.
Demand for food with a higher environmental impact, such as meat, has surged.
Consumers have been advised to budget carefully to better manage the rising costs of food.
Zwelinzima Vavi says managers at big retail stores use farmers as a scapegoat for the high food prices.
A large crowd gathered at Constitution Hill in Braamfontein before marching to Wits University and a nearby Pick n Pay to hand over a memorandum of demands in an attempt to increase awareness around the hefty increases of basic food prices.
The Heart and Stroke Foundation has raised concerns as food prices increase.
Pravin Gordhan is optimistic the economy’s growth rate will improve in the second half of the year.
Many South Africans can’t afford to buy basic food items as prices have increased. CEO of the National Agricultural Marketing Council, Ronald Rambulana talks about the impact.