Business UK
Economics Weekly with NWU expert, Waldo Krugell | Food Prices and Affordability
In this episode of Economics Weekly, NWU expert Waldo Krugell takes a deep dive into the rising cost of food and its impact on affordability in South Africa. Food price inflation, driven by Covid-19, the Ukraine war, and local challenges like loadshedding, has made it harder for households to afford basic meals. The Competition Commission’s recent Essential Food Price Monitoring Report warns that food prices remain too high, even as inflation and fuel costs ease. Waldo Krugell explores how market structure, retail margins, and the stickiness of prices affect both consumers and retailers. With minimum wage earners struggling to cover even essential groceries, this discussion also touches on policy debates around zero-rating VAT and tariffs on imported poultry. Watch for insights and tips on where to find affordable, healthy meal ideas, courtesy of the Association for Dietetics in South Africa.
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