South Africans spend more than a third of their earnings on food and rising prices have a substantial impact on their finances according to the FinScope Consumer South Africa 2023 poll.
Almost 85-percent of total monthly revenue is spent on groceries, electricity, transportation, and communication.
Group chief adviser at Ntiyiso Consulting Group Miyelani Holeni discussed this with eNCA.
Watch the full interview: https://www.enca.com/videos/cost-living-crisis-south-africans-struggling-make-ends-meet
