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
The iPhone, Ebay and Facebook, we all know these killer applications but what about their very similar predecessors that flopped.
The Money Show’s Bruce Whitfield interviews the advertising expert about the best and worst new advertisements.
The Money Show’s Bruce Whitfield interviews Curro Holdings CEO Andries Greyling.
The Money Show’s Bruce Whitfield interviews Personal Finance Journalist Maya Fischer-French.
Struggling to make ends meet? Bruce Whitfield interviews Nokwethu Khojane, cofounder of group buying company Lakheni.
The Money Show’s Bruce Whitfield interviews Logan Attorneys Consumer Law Specialist Stephen Logan.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.
Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.
Still young(ish)? Consider the single best thing you can do to increase your wealth by much more than the inflation rate.
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?
The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.