Fruits and vegetables continued to surge BUT MEAT

Loading player...
GUEST: MERVYN ABRAHAMS, PROGRAMME COORDINATOR PIETERMARITZBURG ECONOMIC JUSTICE AND DIGNITY GROUP (PMBEJD)

The latest food basket data from the Pietermaritzburg Economic Justice and Dignity group (PMBEJD) shows that meat prices were generally the only foods to come down in price over the last year – while fruits and vegetables continued to surge.

According to the PMBEJD, its nutritional basket of foods has increased by another R30 in September and will set consumers back R5,155.77.

This is R31.43 (0.6%) higher than August 2023, and almost R350 higher than the same basket in September 2022.

The basket comprises 44 food items that feature in the monthly shopping of the majority of South African households and gives an indication of real price shifts at a retail level in the country, even when compared to the official inflation rate.
28 Sep 2023 5PM English South Africa Business News · Investing

Other recent episodes

Paymenow data shows SA workers lose 40% of purchasing power.

A new Paymenow analysis shows South African workers have lost more than 40% of their purchasing power over the past decade—even as headline inflation stayed within target. Rene Richter, Reward & Benefits Lead Advisor at Paymenow, joins Kaya Biz to unpack why wages aren’t keeping up, how transport and utilities…
21 May 2PM 10 min

Oceana H1 Results: Lucky Star Shines as Fishmeal Stumbles

Oceana Group has delivered a resilient set of interim results despite a 6% drop in revenue. Lucky Star and Wild Caught Seafood carried the half‑year, while Fishmeal & Fish Oil struggled under weak catch volumes and global pricing pressure. CFO Zaf Mahomed joins Kaya Biz to break down margins, cash…
21 May 2PM 18 min

Inside Investec’s Strong 2026 SA Performance

Investec SA has delivered a robust full‑year performance in a tough macro environment. CEO Cumesh Moodliar joins Kaya Biz to unpack the 5.2% rise in SA operating profit, strong momentum in specialist banking, wealth inflows, digital transformation, and what the bank expects from the South African economy heading into 2027.
21 May 2PM 13 min

Stats SA Explains April’s Sharp Inflation Rise to 4%

South Africa’s inflation rate surged to 4.0% in April, driven by fuel, transport, and housing pressures. Stats SA’s Patrick Kelly unpacks the numbers, the 1.1% month‑on‑month spike, and what’s behind the dramatic swing in transport inflation. We explore regional differences, goods vs. services inflation, and what this means for households…
20 May 4PM 11 min

4% Inflation and the SARB’s Next Move

With inflation back at 4% and oil‑driven risks rising, the SARB faces a critical decision next week. Economist Sifiso Skenjana unpacks the April CPI print, the credibility of the new 3% target, and whether a rate hike is now on the table. We discuss real interest rates, global financial conditions,…
20 May 4PM 15 min