Reserve Bank charts illustrate South Africa’s economic and social woes

At the heart of South Africa’s economic and social crises are two worrying trends: slowing economic growth and rising inequality. In its biannual Financial Stability Review published on 5 June, the South African Reserve Bank illustrated this starkly in three charts.

An opinion piece with data from SARB and Bloomberg. 2.5min read

R2,280 pain for South African households

Since pre-Covid May 2019, South Africans are now paying an estimated R2,280 more for a basket of grocery items as of May 2024.This is according to the price comparison of the Pietermaritzburg Economic Justice & Dignity Group (PMBEJD) Food Affordability Index over the past five years.

2min read