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households

Soaring Energy Prices Weigh Heavily on South African Households

On the horizon, South Africans face yet another financial challenge. With already precarious economic conditions, the impending electricity price increase of 12.7% slated for April 1, 2025—dubbed "Fossil Fools' Day" by the environmental group Earthlife Africa—has sent shockwaves through households already struggling to make ends meet. When combined with the anticipated 0.5% hike in VAT, families will be forced to grapple with excruciating choices: Should they pay for electricity or for essentials like food and medicine?…

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