KPMG forecasts stronger GDP growth for South Africa, but Debt Rescue says households are running out of options to absorb rising living expenses.
South African consumers are facing renewed financial pressure following the latest fuel price adjustments, even as economists anticipate stronger than expected economic growth for the first quarter of 2026.
While diesel users will benefit from substantial price cuts this month, motorists filling up with petrol will pay more at the pumps, adding another burden to households already grappling with rising living costs, higher borrowing costs and persistent inflationary pressures.
According to Neil Roets, CEO of Debt Rescue, the latest fuel price changes highlight the growing strain on consumers who have little room left in their budgets to absorb additional costs.
"For many South Africans, the June fuel price adjustment feels like taking one step forward and two steps back," said Roets.
