Every day seems to bring new headlines about rising costs. In Nigeria, unions are threatening to strike amid soaring fuel prices; the country’s inflation rate hit 25% in August. The amount it costs to fill a food basket in South Africa keeps climbing. Ghanaians took to the streets of Accra in late September to protest about the cost of living.
A recent study by the audit and consulting firm Deloitte found that 75% of South Africans were concerned that the prices for everyday purchases would continue to increase, while 80% of consumers across all income groups expected the prices of groceries, household utilities and fuel to rise.
This stark reality means budgeting may be more necessary than ever.
