Cost of living: Informal sector pushed to ‘desperate situation’

Petrol price and interest rate hikes will have a ripple effect through the economy but will be “crippling” for the five million people who make up the country’s informal sector.

The R2.43 increase for a litre of petrol will push a chunk of those people, many of whom sell food staples from the roadside at small margins, below the breadline.

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Greg Ardé
Greg Ardé is a writer interested in issues of equity, entrepreneurship and how cities function. He lives in Durban and has a diploma in journalism. He started his first media job in 1990 and has since worked for a variety of newspapers and magazines, and written three biographies.

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