Kaya 959 Kaya Biz

The non-profit sector conundrum: value vs volume.

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The surge in inflation appears to have no end in sight as the cost of goods and services continues to rise steeply. For those fortunate enough to have an income, managing the monthly budget is becoming more challenging, while the unemployed and those solely reliant on social grants for survival are experiencing unbearable hardship and anxiety, trying to put food on the table every day.

Inflation tends to erode or destroy savings, impede growth, and reduce living standards. Several economists predict that South Africans will have to endure this financial volatility for the foreseeable future, as economic stagnation sets in, and wages are not keeping up with the cost of living.
22 Aug 2022 1AM English South Africa Business News · Investing

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