Watch: South Africa inflations hits new 13-year high; Unions march in protest over cost of living crisis
(youtube.com)
South Africa's inflation rate has hit 7.8%, the highest in 13 years. South African unions march in protest over cost of living crisis.
#southafrica #inflation #economiccrisis
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#southafrica #inflation #economiccrisis
About Channel:
WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Connect with us on our social media handles:
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Francisco Gimeno - BC Analyst Inflation rates are soaring around the world, and citizens, having forgotten the last time this happened globally (like in 1973 for instance) are not happy about it, when we see food, energy, and other consumer prices go up while income remains the same. And because governments seem slow to tackle this, protests happen. South Africa, a developed nation with economic and social problems, can't afford any type of inflation to continue growing in a global environment of uncertainty. It also seems that, as everywhere in the world, the situation will worsen before getting better, and not all "experts" are convinced that after inflation will come a steady growing, but a deep recession. We don't have other options but prepare before lean times and get informed and educated to react to any situation in the best way we can.