Mail & Guardian
Mail & Guardian
household food basketlatest news & developments
Buying food on credit is symptomatic of a bigger problem. Consumers who have experienced a change in their financial standing, either through retrenchments or pay cuts, are in trouble and taking on more expensive debt is only going to make it worse. (Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images)
BASIC INCOME GRANT

Consumers buy cornflakes on credit

As millions join the unemployment ranks, relying on debt to make ends meet becomes more attractive

  • Neil Roets
5 min read
Entrepreneurial: Kamo ‘Skanju’ Mogajane and Thabang ‘Mafufa’ Molebatsi, from Katlehong, started their own business when they failed to find jobs. They own a clothing brand called Izinja. (Andy Mkosi)
CHINA

GDP, recession, JSE, rallying rand … these terms mean very little to unemployed South Africans. This is the real picture of our economy

The economy is not producing work, with many young adults working outside their fields of study or considering leaving the country as a result

  • Khaya Koko
  • Bongekile Macupe
12 min read