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Why Invest

M4Jam asked 1000 South Africans about the cost of living and how they are coping.

For many, who have either lost regular work as a result of lockdown restrictions and social distancing or cannot find work thanks to economic devastation, rising costs are threatening their survival.

  • Those with little to no regular household income are finding it harder to get by in 2021. 86% of survey respondents – from among M4Jam’s registered jobbers, who contract for temporary and short-term work via the platform – were aged 18-34, with 20% earning no regular household income from the formal economy.
  • The survey responses paint a worrying picture of affordability for the millions of South Africans being pushed toward the poverty line by a pandemic that has forced the closure of businesses by the hundreds.
  • Most of the qualitative feedback from our jobbers pointed to personal financial crises which reflect an economy which was technically in recession even before Covid-19 made its presence felt.
  • 30% of respondents were breadwinners, while 70% either relied on a partner in their household to contribute toward costs or had no income.
  • Calculating how much the cost of household essentials like food, utilities and transport had grown since the onset of Covid-19, 32% of respondents said their monthly costs had risen by up to R800, while 17% had watched their monthly costs rise between R800 and R2000. 10% said their spending on essentials had inflated by more than R2000 per month.

Download the full survey HERE

(Ti) Trade Intelligence proudly partnering with M4JAM, in our mission to inform effective and profitable retailer-supplier trading relationships

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