IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The month of July 2023 started on a high note for South Africans. First it was the decrease in the price of fuel on July 5th. Secondly, on the 10th of July, residents in some parts of the country woke up to the sheer wonder of the first snowfall in the city in more than a decade. On the statistical side, consumer inflation fell to a 13-month low of 6,3% year-on-year in May 2023, mainly due to lower increases in food and fuel costs. On the downside, however, the number of civil summonses issued for debt increased by 0,3% in the three months ended April 2023 compared with the three months ended April 2022. This could indicate that some consumers struggle to keep up with their credit commitments. Still, on the gloomy side, electricity generation (production) decreased by 9,0% year-on-year in May 2023, alluding to Eskom’s continued power crisis.

Download Mbalo Brief – July 2023