Poor South Africans face TRIPLE battle: Electricity, fuel and interest rate hikes

Life’s hard – and expensive – at the best of times, but at the moment it will be feeling even more so for many South Africans.

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Load shedding has become a way of life – sadly – for every South African with a record number of Eskom power cuts in 2022 while every day in 2023 has been affected to date.

Couple that with the electricity price hike coming on 1 April 2023 (no April Fool’s joke) and South Africans will soon be paying even more to have no light …

WARNING | INTEREST RATE HIKE ON ITS WAY THIS WEEK

As reported by The South African website, experts predict yet another interest rate hike later this week.

Those in the know suggest a 50 basis point jump, heaping more pressure on those in living in debt.

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Lastly, as reported by The South African website, the fuel (petrol and diesel) forecast for February is getting uglier and uglier by the day.

A rand struggling to strengthen and an increase in oil prices makes for a bad combination when it comes to the price of fuel.

With two full weeks still to go, it’s clear Mzansi motorists will be forking out more of their hard-earned cash at the pumps from midnight on 7 February – the only question still to be answered is ‘how much more’.

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Those are just THREE instances of hardship currently – or soon to be – facing every South Africa in some way, shape or form.

There certainly are a lot, lot more.

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