For the sixth consecutive month, Makro remains the most affordable grocery retailer in South Africa for a basket of essential items compared to its top seven competitors, and it’s even managed to record a decrease in prices compared to the start of the year. <\/p>\n\n\n\n
This is according to BusinessTech\u2019s grocery basket comparison, which collected the online prices of nine staple foods and products in a typical middle-income grocery basket as of June 2024.<\/p>\n\n\n\n
The comparison included seven of South Africa\u2019s major retailers \u2013 Shoprite, Checkers, Pick n Pay, Spar, Woolworths, Food Lover\u2019s Market, and Makro.<\/p>\n\n\n\n
The grocery basket comparison includes the following:<\/p>\n\n\n\n
In very rare cases, some brands are not available at all retailers \u2013 for example, Woolworths does not stock Albany Superior sliced white bread, but it does have its own like-for-like product, which is used in the comparison.<\/p>\n\n\n\n
Because brands vary across stores for sunflower oil, milk, and toilet paper, each store uses the cheapest version available. If any other substitutions are required, these are noted and explained in the table below.<\/p>\n\n\n\n
It must be stressed that it is possible to find the same products in the basket at a lower price or use cheaper, non-branded alternatives. Pricing can change from region to region or, in the case of Spar, across different franchises.<\/p>\n\n\n\n
The basket is, therefore, not a representation of the absolute cheapest version of every item<\/strong>. The specific brands are chosen for consistency across retailers and their recognisability among middle-class shoppers.<\/p>\n\n\n\n The pricing in the analysis comes from retailers in Gauteng and is collected in the middle of the month. The normal price of items was used, and limited-time specials were not considered.<\/p>\n\n\n\n The results<\/strong><\/p>\n\n\n\n According to the data collected, the average cost for our basket of nine staple items in June was R416.65, which is slightly less than in April 2024 (R412.14).<\/p>\n\n\n\n Makro offered the cheapest basket in June 2024, totalling R379.59<\/mark><\/strong><\/strong>, which was R13.95 more than last month. However, this is R23.32 less than the second cheapest retailer \u2013 Spar (R402.91).<\/p>\n\n\n\n Makro also saw the largest price cut year-to-date, with its basket costing R5.77, or 1.5% less, than it did in January 2024 (R385.36).<\/p>\n\n\n\n It must be noted that Spar is franchised, meaning prices and items can vary from store to store. Food Lover\u2019s Market was the third cheapest retailer (R403.91).<\/p>\n\n\n\n Woolworths had the most expensive basket at R443.91, R6.00 more than last month<\/b>, and R64.32 more than Makro.<\/p>\n\n\n\n Interestingly, Checkers is the second most expensive at R438.91, but it showed the steepest year-to-date increase of 3.78%, while Woolies noted a meagre 0.91%.<\/p>\n\n\n\n The table below breaks down the prices for each item from the eight grocery retailers and who is the cheapest.<\/p>\n\n\n\n The Pietermaritzburg Economic Justice and Dignity Group (PMBEJD) has reported that food prices in South Africa have decreased since January 2024.<\/p>\n\n\n\n However, the group warns that it is still too early to celebrate. The PMBEJD\u2019s basket comprises 44 food items that most South African households would purchase in a typical month.<\/p>\n\n\n\n While this basket reflects a lower income, it is what the majority of households would look at. Across the 44 food items tracked by the group, 12 decreased in price year-on-year, with onions (-16 %), Butternut (-9 %), and Green peppers (-7 %) seeing the largest price drops.<\/p>\n\n\n\n The balance (32 items) increased. However, the PMBEJD said this needs to be understood in the context of pricing coming off a high base.<\/p>\n\n\n\n Most food items are still showing high levels of inflation, with 15 recording double-digit price increases\u2014seven of these are over 20%.<\/p>\n\n\n\n Despite the overall increases, Stats SA has reported that food and NAB inflation is slowing, as most categories have recorded lower annual rates, except for hot beverages and oils and fats.<\/p>\n\n\n\n Inflation for food & NAB slowed to 5.1% in March 2024.<\/p>\n\n\n\nItem<\/th> Checkers<\/th> Pick n Pay<\/th> Woolies<\/th> Spar<\/th> Shoprite<\/th> Makro<\/th> Food Lover\u2019s<\/th><\/tr><\/thead> White Bread<\/td> R19.99<\/td> R19.99<\/td> R19.99<\/td> R19.99<\/td> R19.99<\/td> R19.99<\/td> R19.99<\/td><\/tr> Sunflower oil<\/td> R79.99<\/td> R74.99<\/td> R79.99<\/td> R69.99<\/td> R69.99<\/td> R54.95<\/td> R69.99<\/td><\/tr> Maize meal<\/td> R42.99<\/td> R38.99<\/td> R41.99<\/td> R34.99<\/td> R38.99<\/td> R34.95<\/td> R38.99<\/td><\/tr> White Sugar<\/td> R69.99<\/td> R62.99<\/td> R64.99<\/td> R62.99<\/td> R64.99<\/td> R56.95<\/td> R62.99<\/td><\/tr> Milk<\/td> R36.99<\/td> R35.99<\/td> R38.99<\/td> R32.99<\/td> R34.99<\/td> R35.95<\/td> R29.99<\/td><\/tr> Rice<\/td> R46.99<\/td> R52.99<\/td> R46.99<\/td> R43.99<\/td> R46.99<\/td> R45.95<\/td> R46.99<\/td><\/tr> Flour<\/td> R42.99<\/td> R42.99<\/td> R41.99<\/td> R39.99<\/td> R44.99<\/td> R39.95<\/td> R42.99<\/td><\/tr> Soap<\/td> R18.99<\/td> R18.99<\/td> R18.99<\/td> R17.99<\/td> R17.99<\/td> R15.95<\/td> R16.99<\/td><\/tr> Toilet paper<\/td> R79.99<\/td> R79.99<\/td> R89.99<\/td> R79.99<\/td> R79.99<\/td> R74.95<\/td> R74.99<\/td><\/tr> June total <\/strong><\/td> R438.91<\/strong><\/td> R428.41<\/strong><\/td> R443.91<\/mark><\/strong><\/td> R402.91<\/strong><\/strong><\/td> R418.91<\/strong><\/td> R379.59<\/mark><\/strong><\/td> R403.91<\/strong><\/td><\/tr> January total<\/strong> <\/td> R422.91<\/td> R419.41<\/td> R439.91<\/td> R404.91<\/td> R403.91<\/td> R385.36<\/td> R407.84<\/td><\/tr> % change <\/strong><\/td> +3.78%<\/mark><\/strong><\/td> +2.15%<\/strong><\/td> +0.91%<\/strong><\/td> -0.50%<\/strong><\/td> +3.71%<\/strong><\/td> -1.50%<\/mark><\/strong><\/td> -0.96%<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n