- The falling rand and the recent Cape Town drought are affecting South African food prices severely
- By 2019, it is expected that an average family of 4 could be paying around R3 000 for 29 of the cheapest food items on the market
The recent drought and land reform uneasiness in South Africa has made as much impact as people expected, if not more.
IOL News reports that the Bureau for Food and Agricultural Policy did research about this matter. Their report focused on the impact the drought and land reform on South Africa.
The report had a model of a cheap and balanced food basket of 29 food items that South Africans are most likely to buy. It included staple food items like beans and maize. The average price was R2928, compared to the average of R2714 in 2017.
According to Alan Winde of Economic Opportunities, the falling exchange rate and rising oil prices affected growth of the agricultural sector.
Winde added that it is believed that food price inflation will rise until the end of 2019. The biggest contributors will be cereals, meat, breads and oils.
South Africans were not happy to hear this prediction:
At this point, pilchards are considered the cheapest meat option with polony being the second most affordable meat.
With the rising food price inflation South Africans will have to buckle up and follow strict budgets in the coming months, even years.
How do you feel about this prediction? Let us know on our Facebook page and we could be sharing your thoughts and views.
To stay up to date with the latest news, download our news app on Google Play or iTunes today.
Enjoy the silly Pastor’s Joke: What Are Pastors Talking About? and take a look at what else is new on Briefly South Africa's YouTube channel.