The inflation rate declined to 6.2% in April from 6.3% in March.
However, food prices skyrocketed by 11.3%.
The Money Show’s Bruce Whitfield interviewed Professor Johann Willemse, Agriculture Economist at the University of the Free State.
Willemse discussed the following:
Is this the result of a perfect storm of a weak rand and a severe drought?
What is lying ahead for food prices?
- Which types of food are driving this?
Scroll down for quotes from the audio below.
We’re heading into winter. The supply of fruits and vegetables will not increase until early 2017.— Professor Johann Willemse
We’re looking at food inflation at 15% by the end of the year.— Professor Johann Willemse
Wheat makes up about 20% of a bread’s cost. There are substantial extra costs.— Professor Johann Willemse
We’re looking forward to a better season.— Professor Johann Willemse
2017 will, hopefully, be a better year.— Professor Johann Willemse
About 1 out of 4 South Africans can’t afford sufficient food. It’s not a good place to be as a country. It adds to social instability.— Professor Johann Willemse
Why can’t government subsidise some basic foods for poor people? Why don’t they look at food stamps like some other countries?— Professor Johann Willemse
The people at the top don’t realise the pressure that poorer people are under.— Professor Johann Willemse
Recommendedby NEWSROOM AI
Get a free credit report, then follow these five tips and see by how much you can improve your credit record.
Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.
Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis for his weekly small business feature.
Smuggled out of Germany in the 1930s, then forgotten in Joburg. Bruce Whitfield interviews fine art specialist Luke Crossley.
Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...
In the first episode of Solutionist Thinking with RMB, Bruce Whitfield speaks with author, businessman and trailblazer Reuel Khoza.
Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
Bruce Whitfield interviews Forbes Africa's Chris Bishop to find out more about this lesser known South African billionaire.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?