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How Budget 3.0 affects food prices for SA families
Cape Argus
|May 22, 2025
ACCORDING to the 2025 Household Affordability Index, it costs R5420.30 to fill up a basic food basket.
After the Budget was tabled by Minister of Finance Enoch Godongwana yesterday, what does this mean for the average household and the man on the street?
Experts warn that if the rand can remain stable, it would have a positive impact on trade, such as the export and import of food. However, an increase in fuel prices could lead to a rise in costs due to transport of stock.
Godongwana announced that from June 4, the general fuel levy will increase by 16 cents per litre for petrol and by 15 cents per litre for diesel. VAT will remain at 15%.
While many may argue that the impact will be felt in the adjustment of the income tax bracket, which will have a ripple effect on the working class and their pockets - like the simple purchase of a loaf of bread - Pastor Charles George of Delft, who runs Zoey’s Bakery, produces between 300 and 400 loaves of bread a day at a price of R8 to R10 to help the man on the street.
This story is from the May 22, 2025 edition of Cape Argus.
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