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During these tough economic there is still one saving grace: the low-interest rate
South Africans are in for a tough couple of years as they contend not only with a global pandemic, economic weakness and social unrest, but a rising cost of living that is spiralling out of control for many families.
The only real saving grace is the low-interest rate. Property rates and taxes have increased, as have fuel and utility tariffs, outweighing most salary increases â for those who have been fortunate to receive them.
Many families are, instead, facing reduced salaries and even complete loss of income. And this, says Craig Mott, Rawson Property Groupâs sales manager in the Western Cape, can have knock-on effects on peopleâs lifestyles and mental health.
âNot having enough money to get through a full month can be really worrying for any individual.â Residents in the main three metros will see the following increases for the 2021/2022 year:
Read more: During these tough economic there is still one saving grace: the low-interest rate
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