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  • SA consumers warned of 50% increase in price of red meat
    Posted by on Apr 28th, 2016

    The Rand may have strengthened for now, but if you love red meat then brace yourself because economists are warning that SA consumers can expect at LEAST a 50% increase in the price of red meat in the near future because of the drought. That as well as a likely increase in the price of fuel.

    red meat

    SA is in the midst of the worst drought in a century.

    This from debt expert Neil Roets.

    “I expect a fuel price increase of about 18 cents a litre, but along with that we’re also seeing an increase in food prices. Meat prices will be going up soon, by about 50 to 60 percent.” [EWN]

    Bleak.

    [pic Source]

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