The current economic situation of the country is not favorable at all, and the economy of South Africa is not very ideal since the year 2020. As a result, the country's wealth has decreased. Many firms were forced to close or lay off workers as a result of the lockdowns, which further harmed the economy and exacerbated the country's problems.
The cost of living has skyrocketed, making the poor even poorer as a result of rising prices. There has already been a spike in the cost of commodities like gasoline and electricity.
As of right now, in the country. Even worst is yet to come, as costs for everyday necessities are expected to grow even further in the coming months and years to come.
Cooking oil, a basic dietary component, has seen its price rise drastically in the last several weeks. Prices of maize and wheat are also rising, which is bad news.
This will have a significant impact on the lives of many South Africans, especially the poor and the already marginalized.
Most South Africans eat maize and wheat on a daily basis, with many homes relying on maize meal to prepare porridge in the morning and pap for lunch and dinner, as well as feeding their children.
The cost of living in South Africa is extremely high.
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