3 things South Africans gave up to make ends meet in 2022

[BusinessTech]

3 things South Africans gave up to make ends meet in 2022

Here are three areas where South Africans cut back spending due to the economic headwinds of 2022.

 

[etienne_marais]

I have been working my way up from the pits, so not much to cut on in the first place.

BUT I have tried to stop smoking on and off a series of times, investing in property is forcing me to quit as I will only just scrape through.

 

[Slowestclock]

Just saw a new bar open up in rosebank JHB, and I can't help but think that's its the worst idea opening a new buss in this economy when everyone is cutting back

 

[MagNorthDigital]

Just saw a new bar open up in rosebank JHB, and I can't help but think that's its the worst idea opening a new buss in this economy when everyone is cutting back

Alcohol never goes out of fashion. What would be even more prudent is an Alcohol supplier...

 

[Benedict A55h0le]

Can cut down on electricity LOL!

 

[Madhawk]

I dropped my gf, dog and friends…. I’ve been saving a ton of money since then…. And Eskom has been helping me save money as well, which is nice of them…

 

[Stefan.dl]

First gave up Medical Aid, then cut on fuel costs by driving less and finally gave up living in South Africa

 

[konfab]

Intermittent fasting helps

 

[MagNorthDigital]

Intermittent fasting helps

O.M.A.D and sometimes... 0.M.A.D

 

[DarKWateR]

2 Minute Noodles is my friend

 

[WollieVerstege]

Just saw a new bar open up in rosebank JHB, and I can't help but think that's its the worst idea opening a new buss in this economy when everyone is cutting back

What I have seen happen is that when companies retrench, people take their package and then start a business. They do this because they don't look at the cold hard facts and numbers. They honestly and emotionally believe that they have a magical winning idea that is going to make them super rich. I have seen a few people end up completely destitute as a result.

 

[Slowestclock]

What I have seen happen is that when companies retrench, people take their package and then start a business. They do this because they don't look at the cold hard facts and numbers. They honestly and emotionally believe that they have a magical winning idea that is going to make them super rich. I have seen a few people end up completely destitute as a result.

As a small buss owner who worked in corporate once upon a time, I agree 100% that people have this idea that a SME is financial freedom, if successful.

But like you said, people don't see the numbers and think that they have the winning formula only to get bitten badly when things crash.

As for that bar that opened, it's a sports bar so I don't think they'll do too badly but they must have balls of steel to take the chance in this economy, especially the interest rates on loans etc

 

[CB40]

What really pisses me off is when the fuel prices do drop (not often) the supermarket chains don't reduce their pricing accordingly.