Stability would help
IT’S tough being a South African consumer. A few days ago, those with debt celebrated when the Reserve Bank unexpectedly cut interest rates. While a 25-basis point drop does not equate to a windfall, for most, any additional cash is welcomed.
But before the money could be enjoyed, came the news that fuel prices would go up next month. A slightly lower rand-dollar exchange rate was the main reason.
So, motorists will now fork out about 20 cents a litre more, while diesel will go up by nearly 31 cents a litre.
The rand is buffeted by a number of factors, both local and international. Most of these are beyond our control.
But, for the sake of our wallets, it would certainly help if we were able to maintain some level of political stability.