The Competition Commission has painted a grim picture of the cost of living in South Africa, revealing that prices of essential utilities such as electricity and water have skyrocketed far beyond the national inflation rate over the last six years.
The Commission released the second Cost of Living CoL report on Wednesday, 1 April, which is not an April Fools joke, as more South Africans feel the pressure of economic hardship.
The report shows how prices for basic goods and services have changed since 2020, and what this means for household budgets.
