This is what stressed-out South Africans are willing to sacrifice to cut costs

[BusinessTech]

This is what stressed-out South Africans are willing to sacrifice to cut costs

South African consumers are under extreme financial stress, with all income groups now feeling the pinch of South Africa's bleak economic prospects, an Old Mutual study has found.

 

[LazyLion]

Yoh, people are more willing to cut booze than DSTV?

I think some people are lying...

 

[Stevi]

The real worrying stat there is that parents will spend 25% less on education/schooling

 

[Nod]

Yoh, people are more willing to cut booze than DSTV?

I think some people are lying...

Yeah, cheaper to cut DSTV and start drinking.
Government should stop lying about inflation (or adjusting the basket of goods to fit their target %), and give is the hard truth so that business and employees can lube up properly.

 

[Kosmik]

Well personally:

Holiday and travel - CUT
Eating out / Entertainment - CUT
Entertaining at home - Done but we tend to bring/share with friends
Alcohol - N/A
Shoes and clothing - minimal
Hair and beauty - minimal
Cigarettes - N/A
Domestic worker / gardener - On chopping bock if major increases carry on.
Food and groceries - Cut down and severe shopping around ( stores , salvage, meat specials , bulk )
DStv/M-Net subscription - Cut down
Payments to children / dependents - N/A
Electricity / water - as low as possible, switched to LED and tightened all taps etc.
Children’s schooling / education - not willing to sacrifice.