South African consumers are running out of ways to survive amid constant price hikes - BusinessTech

Increasing petrol prices, consumer product bottlenecks, electricity tariffs and an over reliance on credit, all point toward South Africa being on the cusp of stagflation as unemployment and global inflation exacerbate the struggle of the average consumer.

Consumers have been grappling with consistent petrol price hikes for over a year, and the price to fill up a car has reached all-time highs of R21.96 per litre for 95 octane petrol, says Neil Roets, … [+4054 chars]

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