Major price hikes hitting South Africa from March (BT)

South African consumers and businesses face a flurry of price increases in the coming weeks as a combination of global factors and local changes take effect. Analysts have warned that South Africans have increasingly relied on credit over the pandemic period to make ends meet, with the coming hikes likely to place increasing strain on finances. In other words, as prices go up, so too does inflation. And as it gets harder to maintain a lifestyle, people dip into their credit cards, which only exacerbates the problem as one of the methods to curb inflation is to make the cost of credit more expensive. We are now sitting in a vicious cycle of cost and we need to come to terms with reality before it’s too late. Click here to read full article

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