Sta­bil­ity would help

Daily News - - VIEWS & ANALYSIS -

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.

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