Cost-of-living crisis – SA CPI accelerates to 7.1% in March, food inflation at 14-year high

South Africa’s cost-of-living crisis is worsening as winter looms, with consumer inflation still accelerating and food inflation hitting a 14-year high in March of 14.4%. Adding to the gloom, retail trade sales fell 0.5% year-on-year in February, the latest sign that South Africa’s economy has fallen into a recession.

However, there are glimmers of hope on the horizon with greater crop yields this year. 3.5 min read.

Capitec CEO warns consumers to live within their means as credit impairments climb by 80%

Capitec’s CEO, Gerrie Fourie, says the increase in credit impairments is due mainly to the deteriorating economy and the impact of higher inflation on clients.

Read more about Capitec, their wins and losses and their strategy moving forward. It tells us a lot about the SA economy and its impact on citizens. 3min read.