The cost of a “survival basket” of food in South Africa at the beginning of 2024 is R1 503, which is 6.07% more than last year, and will see minimum wage earners spend 34.5% of their earnings to buy food.
This is according to the Picodi.com study which looked at minimum wages in different countries; how prices of basic groceries increased; and how the cost of a “survival basket” compares to the minimum wage.
For the study, a basic grocery “survival” basket consisting of eight groups of products, including bread, milk, eggs, rice, cheese, meat, fruits and vegetables, was drawn up for one person for one month and the costs of it were added up.
For South Africa, the minimum net wage was R4 353 and the country ranked…