July price hikes poised to hit hard — here's how people are trimming budgets

July has arrived – the month in which consumers will be hard hit by price hikes, most notably increased electricity costs (despite load-shedding challenges) and another petrol price rise this coming Wednesday.

01 July 2022 - 13:32

Johannesburg, Tshwane and eThekwini will hike their tariffs by 7.47% and the City of Cape Town’s electricity will go up by 9.5%. This will be topped by increases of 5.2% for rates and 5% for water and sanitation.But by far the biggest increase will be the cost of petrol, as it hits motorists at the pumps and affects the poor in the form of increased food prices triggered by higher transport costs.

Consumers, already struggling, have flooded social media with requests for advice and ideas on how to best economise and keep costs down. “I have always lived pared down. I haven't had help in the house since my beloved [helper] passed of Covid. I found the gardener three other jobs and so that's gone as well. I am selling my things instead of just giving them away. I feel guilty about that,” said another woman.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TimesLIVE /  🏆 28. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Khumalo’s chance of a second Durban July success on De Kock fillyTwo black jockeys can fight out the finish of SA’s premier race
Read more »

National Geographic Wild celebrates 10 years of Sharkfest with biggest July lineup to date | ChannelThe only shark event that proves truth is stranger than fiction will take viewers up close and personal with one of nature's most feared predators, on National Geographic Wild (DStv 182, StarSat 221) every Saturday and Sunday from 18:00 (CAT) this July.
Read more »

Gold and yellow set to dominate fashion stakes at Durban JulyAfrican textiles emerge as style of choice for gents.
Read more »

Andile Mpisane flaunts luxury cars ahead of Durban July gig [watch]Andile Mpisane flaunts luxury cars ahead of Durban July gig [watch] Andile Mpisane has proved yet again why he is the king of luxury cars in an Instagram promo for his Durban July after-party gig this weekend.
Read more »