INTERVIEW:Food basket increased by 11.5%

Loading player...
The National Agricultural Marketing Council’s (Namc) 28-item urban food basket increased by 11.5% year-on-year.

The cost of the urban food basket increased by 11.5% in January from a year ago to reach R1 261.29, an increase of nearly 22 cents from the prior month, according to the Food Basket Price Monthly Report for February 2024 released yesterday.

This was up from the urban food basket of R1 239.59 reported in December last year.
28 Feb 2024 3PM English South Africa Business News · Investing

Other recent episodes

PPS Delivers R6.88bn in Profit‑Share

PPS Group CEO Izak Smit unpacks a second consecutive record year, with R6.88bn allocated to members and R6.67bn paid in claims. He explains the strength of the mutual model.
22 Apr 4PM 16 min

Capitec’s R16.8bn Year

Capitec CEO Graham Lee discusses the bank’s 23% earnings surge, its diversified business model, and the rapid rise of digital payments.
22 Apr 4PM 14 min

Inflation Through the Eyes of the Consumer

Eighty20 Director Andrew Fulton translates the CPI numbers into real‑world household pressure. From meat‑led food inflation to the looming oil shock, he explores which consumers are most exposed and how spending behaviour is shifting.
22 Apr 4PM 9 min

SA’s Draft AI Policy: The Cost of Getting It Wrong

Free SA spokesperson Gideon Joubert discusses the organization's concerns about South Africa’s Draft National AI Policy—including expanded bureaucracy, duplicated institutions, and barriers for startups.
21 Apr 4PM 5 min