The crux of this money-saving plan is relatively easy, one commits to buying nothing but the essentials for the whole year.
There was no change in the consumer price index (CPI) between October and November.
Stokvel members are urged to remain vigilant this festive season as they face increased risks to their savings.
The November 2024 Household Affordability Index reveals rising grocery prices, putting pressure on South African households as they prepare for Black Friday shopping.
South Africans who retire overestimate their savings while underestimating their costs, resulting in major financial challenges throughout their golden years.
Furthermore, the agency's proactive measures have prevented an estimated R780 million in potential financial losses across various government departments, municipalities, and entities.
This announcement was made by ANC Secretary-General Fikile Mbalula during a media briefing at Luthuli House, following the National Executive Committee (NEC) meeting held from 25 to 28 October.
Of the 10 574 complaints received, 4 501 were dealt with by the Ombud with some of the remainder referred to other Ombuds schemes.
Brazil's central bank on Wednesday announced its first interest rate hike in two years, raising the benchmark lending rate to 10. 75 percent even as the US Federal Reserve decided to lower borrowing costs.