THE ANC is looking into how to respond to the needs of South Africans facing rising cost of living, President Cyril Ramaphosa said on Sunday following the party’s three-day national executive committee meeting.
Food and fuel prices have skyrocketed in recent months, leaving many unable to afford the basics.
“Rising cost of living causing hardships for millions of South Africans. Like many countries around the world, we are feeling economic aftershocks of COVID-19. Over 40% life circumstances of South Africans are living in poverty,” Ramaphosa said.
The party commissioned a research conducted through an independent agency to look at the impact of costs of living.
Ramaphosa said NEC noted interventions initiated by government to mitigate the impacts and provide relief.
“The interventions include the extension of social relief of disaster grant up until March 2024, temporary relief of fuel prices, continuation of VAT zero ratings on key food items, consolidation
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
