The petrol increase for July is going to see us really paying the price for a declining currency.  Those who gleefully support our uncometitive labour laws, generous sick leave and all the other things that frighten many companies from doing business n South Africa can pay up and not complain.  Those things go hand in hand with a declining currency which is a sign of an uncompetive economy and unfortunately those who always criticize employers and the like just don't seem to realize that.

At the moment we are looking at an 84 cent increase in petrol next month and somewhere down the line an increase in everything else.  Transport costs will go up, that will push up the price of food and basics and it will all filter down to an increased inflation rate in a few months time.  I have written before how important the currency rate is to all of us, as well as making our country more compettive, and the price increase we are about to see at the petrol pump is going to be a shocking reminder of that.  Currency rates don't just affect people who take overseas trips or buy luxury items - they affect basics like fuel as well and that in turn affects everything else.  Which in turn will lead to more strikes, followed by a slump in the currency, increased fule prices - it's a vicious circle people, and we as a country need to stop it.