THE RISING COST OF inflation
GLAMOUR South Africa|October - November 2023
We're all feeling the impact of inflation, so we've roped in the experts to offer us some insight, tips and advice as we navigate these trying financial times.
THOBEKA PHANYEKO
THE RISING COST OF inflation

WE CAN ALL AGREE THAT there's a cost-of-living crisis, and as we try to stay afloat, it's important to understand how inflation affects living standards. FNB Senior Economist, Koketso Mano enlightens that the world has suffered from a post-lockdown cost-of-living crisis driven initially by supply-demand misalignment and exacerbated by the war in Ukraine. "Supply chain bottlenecks have since subsided, but inflationary headwinds persist. These headwinds include tight labour markets in advanced economies like the US, climate change, as well as the reconfiguration of investments and business operations in attempts to strengthen post-pandemic supply chains and in response to escalated geopolitical tensions." Furthermore, these global factors have spilled over to South Africa's inflation dynamics through the ports and have been compounded by a weaker rand. Tighter global financial conditions and rising debt vulnerabilities have generally lifted the risk associated with emerging markets assets, weighing on currencies. "In addition, the rand has suffered from political risks and stunted growth given crippling infrastructure constraints. As a result, the rand has underperformed relative to peer currencies. The weaker rand, failing infrastructure, and poor service delivery has lifted the cost of operating and living in South Africa, worsening SA's inflation trajectory," she says.

Glamour: In light of this, what are the three main factors that contribute to inflation?

Koketso Mano: Generally speaking, supply-demand misalignment (supply shortages or excess demand) across the globe, a weak exchange rate, and poor service delivery that pushes businesses and households to procure or augment basic services privately.

Bu hikaye GLAMOUR South Africa dergisinin October - November 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye GLAMOUR South Africa dergisinin October - November 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

GLAMOUR SOUTH AFRICA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Are you considering moving to UK?
GLAMOUR South Africa

Are you considering moving to UK?

Bestselling author, Sam Beckbessinger is also a seasoned mover, and her latest offering, Moving to the UK, offers helpful tips, funny anecdotes and to-do lists to help you navigate this transition.

time-read
5 dak  |
December 2023 - January 2024
A beauty solution
GLAMOUR South Africa

A beauty solution

At Standard Beauty, they take pride in being an all-women-run team, bringing diverse perspectives and unparalleled expertise to the skincare industry.

time-read
1 min  |
December 2023 - January 2024
3 Things to Do When You Overthink Everything
GLAMOUR South Africa

3 Things to Do When You Overthink Everything

How to overcome analysis paralysis.

time-read
5 dak  |
December 2023 - January 2024
A la MODE
GLAMOUR South Africa

A la MODE

With bold looks and exceptional value for money, the new Omoda C5 has made a big splash in the local motoring scene.

time-read
1 min  |
December 2023 - January 2024
Spotlighting ABANTU FOR THE PEOPLE
GLAMOUR South Africa

Spotlighting ABANTU FOR THE PEOPLE

Small businesses play an important role in the South African economy, and we're playing our part by showing them some love. This month, we shine the spotlight on Abantu Media, cofounded by Jay Wabantu who is also a tattoo artist and photographer.

time-read
1 min  |
December 2023 - January 2024
CELEBRATING EMPOWERMENT
GLAMOUR South Africa

CELEBRATING EMPOWERMENT

Pan-African bank Absa partners with Glamour for their influential Women of the Year Awards 2023

time-read
1 min  |
December 2023 - January 2024
TAX SEASON UNPACKED
GLAMOUR South Africa

TAX SEASON UNPACKED

The word 'tax' stirs up many emotions, so we've roped in Tax Specialist, Natasha Lorde to answer your questions and help get you ready for Tax Season.

time-read
4 dak  |
December 2023 - January 2024
It's a COMPARISON trap
GLAMOUR South Africa

It's a COMPARISON trap

Even picture-perfect couples go through rough patches. Here's how to avoid the social media comparison trap.

time-read
4 dak  |
December 2023 - January 2024
Embracing CHANGE
GLAMOUR South Africa

Embracing CHANGE

It's time to stop comparing your current body to your former one. Romanticising the past is easy, but we're not meant to look the same our whole lives.

time-read
9 dak  |
December 2023 - January 2024
Healing YOUR INNER CHILD
GLAMOUR South Africa

Healing YOUR INNER CHILD

The journey of self-discovery is nuanced and you may have discovered a younger you that needs to be seen and heard. Certified Meditation Practitioner, Melissa Lainn, shares her approach to healing the inner child.

time-read
3 dak  |
December 2023 - January 2024