Food price inflation in SA pushes up grocery prices by 50%: Marc Wegerif

Food price inflation in South Africa has pushed up grocery prices by almost 50%. This is according to a new trend survey by Discovery Banks Spend Trend 23 report in partnership with MasterCard, analysing consumer spending before, during and after the Covid pandemic for its clients. Researcher, Senior Lecturer, and development studies program coordinator at UP, Marc Wegerif.

[Boss-gkkc]

SA should open the import market for food. The big brands are taking advantage of their monopoly position.

[bryancoulter]

Everybody talks about food inflation but nobody does anything about it. We have a lazy government and predatory food manufactures and retailers.

[msbruce]

Start planting guys Don't wait til it's too late

[honeyboykhethabahle]

If South African in rural and urban start food gardens

[lesegoraikane]

We need to invest our money on seeds and start growing our own food and having our own backyard gardens that way we won't have to rely on supermarkets for food and inflation of food won't affect us much

[sharonadams]

The big food retailers are listed companies & their ultimate goal is to keep their shareholders happy. This is critical to understand in the bigger picture.

[mattpredictsofm.]

Inflation is far more harmful to individuals than a collapsing stock or property market because it
directly affects people's cost of living, which they immediately feel. It is not surprising that the
current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.

[siphosakhena]

😢cost of living is very high in SA 😢, i can't wait to buy a loaf of bread with R50

[neermalapillay]

Mam u must take account of the load Shed ing lots of had most our food stuff going bad not all of us have transportation have to people to shop for us so many talk shows high food prices still remain the same

[silam]

Problem is food prices never came down when fuel prices fell ....just keep on rising with each fuel rise.

[Intothelight]

Yes, there are factors like war and loadshedding that impact food prices, but these factors get used as smokescreen by the greedy food corporates. Or should I say, greedy individuals heading up the food corporates.

[SonOfTheSoil]

Yet we still acting like everything is normal and well 🤦‍♂️

[stlouisix]

The SARB needs to stop growing the Rand currency supply immediately and raise rates as high as they can reasonably imagine 👍

[TheChallengerRT]

We need to become politcians.. and act like we are there for the people, meanwhile we are there to take money home into our own pockets with wheelbarrows!

[seanmyers]

AND RAMAPHOSA SEEMS TO THINK R350 IS SUFFICIENT FOR PEOPLE TO LIV

[marjendemhare]

As a member of BRICS why aren't we getting cheap oil from Russia, and refining it here?

[peteruk]

Contextual Where do they find these interviewers?

[beverleyvrieling]

It's a case of "I ok Jack" and no concern for the poor and poorest of the poor, very, very unacceptable and sad.

[beverleyvrieling]

This is a never ending saga and won't disappear 😢

[volkshandel]

how can companies show record profits and blame inflation for price increase. this is not adding up.