New data from reveals that the average household food basket costs R5,479.26 a month, and feeding one child a nutritious diet costs nearly R1,000.
Economy
Most viewed
Popular
-
From 8 million to 12 million: Expert reveals the scale of South Africa's unemployment problem
-
"No DNA, just RSA": SA beats Kenya to become Africa’s most competitive economy in 2026 IMD rankings
-
Senegal results show large win for opponent Faye in presidential poll
-
US private sector hiring up less than expected in February
-
French navy enforces fishing ban to protect dolphins
Economy Latest News
Britain's iconic red phone boxes get new lease of life
In a workshop packed with historic memorabilia, from rusty petrol pumps to vintage enamel signs, Carl Burge skillfully applied the finishing touches to the red British telephone box he was restoring. One turned into many, and now Burge is working on restoring several telephone boxes at a time.
Markets rise on tech bounce hope, inflation in focus
Asian markets rose Friday after strong earnings from two tech titans provided hope for a bounce on Wall Street, while traders were also steeling themselves for key US inflation data. But blockbuster earnings from Amazon and Intel after the markets closed -- and a surge in after-hours trade -- provided Asian traders with hope for a bounce in New York at the end of the week.
Ford estimates US strike impact at $1.3 bn
Ford on Thursday said the need to retore manufacturing operations outweighed the additional costs to sweeten a labor contract to end a strike that has cost it some $1.3 billion. Prior to Wednesday's labor deal, Ford executives had said the company was at its absolute limit in terms of the contract.
Bankman-Fried to testify at his US crypto trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial. Bankman-Fried, once one of the most respected figures in crypto, has been charged with seven counts of fraud, embezzlement and criminal conspiracy.
US economy grows at fastest rate in nearly two years
The US economy heated up in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession.
Turkey lifts key rate for 5th month in inflation battle
Turkey's central bank sharply lifted its policy rate for the fifth month running on Thursday as part of its politically charged battle against historically high inflation rates. Turkey's official annual inflation rate peaked at 85 percent last October and climbed back up above 60 percent last month.
Siemens Energy seeks state help as wind unit crisis deepens
Siemens Energy said Thursday it was in talks with the German government about receiving financial help as it battles problems in its wind power unit, sending the firm's shares crashing.
Mercedes profits fall due to lower sales
German carmaker Mercedes-Benz said Thursday that its profits fell in the third quarter due to a drop in vehicle deliveries amid shortages of some parts. Revenue fell 1.4 percent to 37.2 billion euros, partly because passenger car sales were around five percent lower in the quarter due to a shortage of some parts.
Stocks slide, oil holds gains on Middle East, economy concerns
Asian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day's rally. A plunge in Alphabet and Texas, as well as Amazon ahead of its report later Thursday, hit Wall Street, with the tech-rich Nasdaq tanking more than two percent.
Economy
Load more