Wednesday, September 14, 2022

South Africans Suffer

 South Africa is the most unequal society on the planet.

 46 percent of workers have no jobs, 30.3 million of the country’s 59 million population live in poverty and 13.8 million face food scarcity.

Inflation is at its highest rate since the rise in global food prices in 2008-09. Consumer prices rose by 7.8 percent in July, and basic foods have gone up by 10 percent in the last year, with a loaf of white bread now $1.05 compared with $0.91 a year ago and the price of fuel increasing by 56.2 percent from last year.

Last week, the South African rand fell a further 5 percent against the US dollar.

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