Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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A lot of people ignore the daily currency changes, and most of the time they don’t move much, but with the Rand currently diving, we are going to be looking at tremendous petrol hikes in the near future.
The Rand has fallen at least 10% against the Dollar in the last two weeks and while much of the petrol price does not actually reflect the cost of the product, the fact that the Rand is down 10% is going to lead to the price going up. A lot of the petrol and diesel prices are actually made up of government taxes and a portion is the levy to the Road Accident Fund, but a weakening Rand will add at least 20c or 30c a litre to next month’s increase, and at the moment there as no signs of stability in the Rand at all.
Posted by Michael de Broglio on Monday 15-Oct-12
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Comments
Thabitha said:
on Thursday 18-Oct-12 12:00 PM
I think is better not to think about this because life is becoming hard, prices are going up every time and it's scary and most of the people are jobless
Simone said:
on Wednesday 17-Oct-12 12:24 PM
This is terrible. We really should not have gotten excited at all when the petrol price went down a few months ago.
Julie has such valid points and I agree that this situation has become quite scary.
julie said:
on Wednesday 17-Oct-12 10:39 AM
We should be used to this - I don't see anything going DOWN in price... Our whole country will end up a squatter camp if things don't change because only a handful can afford their own places - all you earn is going towards getting to work and back home, electricity and THEN groceries. In the end it is affecting our health immensely. You can't afford to drink tap water - you have to BUY water. Those who cannot afford buying fresh water have to spend money on extra vitamins, minerals..... going around the same old mountains over and over and over and over..... And I am a POSITIVE person.
This is the major reason why some people start sharing apartments/housing; walking to work; arranging lift clubs. It is not necessarily what you WANT - it has for many become a necessity.
I can become a very scary situation should you choose to think about it. I choose not to think about it and will be working on "the total renewal of the mind" - you become what you think - think positive
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
