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88% of South Africans cannot afford even basic goods or services

A new survey finds that 88% of South Africans struggle to afford even basic goods and services as a flood of cost of living continues to hit them from all sides. 72% say they will no longer be able to meet their household electricity needs when the proposed new 20.5% price increases come into effect in April. According to the latest Debt Rescue survey of more than 1,300 people, consumers said they needed to cut their budget for basic goods and services to manage their higher cost of living, and 76% say they don’t have enough money…

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