Fin24

Homes spend more on energy than food

2012-11-06 12:04

Johannesburg - Dramatic increases in electricity tariffs mean that nearly a third of spending by households goes towards housing‚ water‚ electricity‚ gas and other fuels‚ Statistics SA said.

This dwarfs the percentage of income spent on food‚ which accounted for just 12.8% of overall spending‚ it said in an income and expenditure survey for 2010-11.

The figures from this survey will be used as a basis for calculating new weights for the basket of goods and services measured by the consumer price index from the start of next year.

At present‚ the current weights are based on data from an income and expenditure survey for 2005-06.

Transport‚ which would include the rising cost of petrol‚ accounted for 17.1% of overall spending‚ the survey showed.

Miscellaneous goods and services accounted for 14.7% of overall spending.

 

Comments
  • wwrer.ww - 2012-11-06 12:18

    Well what do you expect? They didn't want to privatize Eskom. Now it is the most expensive electricity company in the world. Electricity is more expensive than Washington DC - where people that earn over R1,000,000 a year live.

      matli.mokoena - 2012-11-06 13:15

      electricity is a essential product for the functioning of our economy, we cannot privatise it. Lets rather look to manage the company efficiently and remove the politics in state owned entities

      omge.klits - 2012-11-06 14:03

      And soon the poor will have to stop eating to pay the ESKOM fat cats and their BEE entourage

      melvin.ollewagen - 2012-11-06 15:48

      the poor dont pay for electricity they steal it, what you mean is soon the middle class will have to stop eating to pay eskom

  • JevonMarshallJohnson - 2012-11-06 12:47

    WE ARE BEING RAPED

  • winifred.watson.9 - 2012-11-06 12:53

    What do they expect, I am a pensioner, my pension has been cut to threads, electricity has increased how many times since 2008, rates etc and now this year my medical has gone up by 10.5% now another 16% increase in electricity and dont forget rates, petrol, food, how are we expected to live. I have already cut back as much as I possible can and now next year I dont know how I am going to cope. My investments and savings just dont cover the rising prices anymore.

  • eugene.muller.7 - 2012-11-06 12:54

    And yet the sun's energy is free...

      matli.mokoena - 2012-11-06 13:18

      true, but thats technology that will only become available (cheaply) in 20/30 years time

      nico.mulder.395 - 2012-11-06 14:40

      A sustainable system cost about R100K for a household, not posible at this time for the masses, on the other hand if you take nkandlas money they could have instaled 2380 houses with electricity.

  • Sduma - 2012-11-06 12:56

    .......and Malusi Gigaba is about to approve eskoms planned increase. The fat ceo's n board members keep on giving themselves ridiculous bonuses even though they are underperforming

  • Tracey - 2012-11-06 12:59

    What about tax! What to we spend on lining the ANC's pockets??

  • greypatriot - 2012-11-06 13:00

    The new tariffs have doubled my municipal services account. Someone made a huge mistake when the new tariffs and mode of accounting was approved.

  • rowan.maulson - 2012-11-06 13:02

    Only a third? I think that must be relatively conservative actually.

  • victor.windsor - 2012-11-06 13:05

    We the people could have told you that ,but you lot just don't listen to the people who actually pay your salaries, but it won't go on for much longer before you lot have a revolution on your hands, that is why idiot Zuma is building a bunker because he knows what is coming !!!!!!

  • john.snyman.180 - 2012-11-06 13:45

    Either I'm eating way too much or using way too little electricity and fuel...

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