Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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As a result of the increase in VAT and the petrol price going up, inflation has risen slightly. It was 3,8% in March and has now increased to 4,5% in April. That is obviously comfortably within the South African Reserve Bank’s upper limit of 6%. The good news is that a lot of basics have seen their prices come down. For example, bread prices are 3.7% lower than one year ago and bananas and oranges are now 10% cheaper than they were one year ago. Over the last few years inflation has averaged between 5% and 6%, so it really dropped quite a lot to get down to 3,8% and 4,5% is still certainly lower than it used to be. It is obviously a positive sign in an economy.
Posted by Michael de Broglio on Monday 04-Jun-18
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Comments
Cornelie said:
on Thursday 05-Jul-18 09:04 AM
A little good news for us but can you really see the difference in the prices. And the petrol is really a killer one of these days we all will be coming to work with a horse.
Liz said:
on Thursday 05-Jul-18 08:48 AM
This is a bit of good news, however the constant petrol price hikes is concerning and impacts so many aspects of one's life.
Helen said:
on Monday 02-Jul-18 08:36 AM
It is very positive news to hear that fruit and bread prices are going down, but of course the travel become so expensive that maybe it is not a bad idea looking in to using public transport or maybe even start looking in to working from home idea.
Petrol start costing so much that yes, will be enough money for the month to feed family with bananas and oranges!
Sinead said:
on Monday 25-Jun-18 10:24 AM
It is good to have positive news like this. The petrol price hike doesn't make us very happy though.
I just hope our economy gets better
Ashleigh said:
on Friday 22-Jun-18 09:04 AM
This is positive news atleast. I have noticed a few things that were becoming very expensive that its sort of dropped in price but you always wonder what the next inflation could knock us with.
Sarah said:
on Friday 22-Jun-18 07:48 AM
We really need our economy to grow , so the petrol can go down soon.
Nicolle said:
on Tuesday 19-Jun-18 10:27 AM
Jean-Jacques Rousseau once said: "Man was born free, and he is everywhere in chains." Think about it, humans are essentially free, and were free, but, the "progress" of civilisation has substituted subservience to others for that freedom, through dependence, economics and social inequalities.
Brenda Du Toit said:
on Friday 08-Jun-18 04:19 PM
It is good to hear. The only problem is the Petrol price's that is going up let's all hope that the petrol price can decrease.I hope our economy continues to grow.
Prishani said:
on Friday 08-Jun-18 02:27 PM
I enjoy reading positive news like this, it makes me feel hopeful even when we are dealing with extremely high petrol prices!
Jadine Richards said:
on Friday 08-Jun-18 02:21 PM
With the rate the fuel prices is increasing the small positive changes cannot be felt. Basic living in South Africa is far from that at the moment and I really hope for some major change soon because currently these living expenses aren't sustainable
Michelle said:
on Thursday 07-Jun-18 12:38 PM
And so every cloud has a silver lining. But it will be nice if the price for Petrol can drop a bit. If you do not have money for petrol, you will not be able to go to work. Therefor you will not earn any money to buy your food anyway.
Joyce said:
on Wednesday 06-Jun-18 04:54 PM
I think the inflation statistics give hope for a better economy in future
Daniella said:
on Wednesday 06-Jun-18 02:02 PM
The increase in fuel is noticeable and if it keeps going up a lot of people will not be able to afford to commute back and fourth. If public transport was reliable it wouldn't be such a problem, but unfortunately that's not the case.
Angelique said:
on Wednesday 06-Jun-18 10:30 AM
Does not feel like a positive sign to my pocket. I can say that I have noticed the difference in the fuel price and it is worrying. I will however keep positive and buy more banana's for my shakes, before that goes up again.
Melissa said:
on Wednesday 06-Jun-18 07:43 AM
This is good news, lets hope that the petrol price keeps on decreasing, if not where is the money going to with the petrol increases.
Michelle D said:
on Tuesday 05-Jun-18 08:43 AM
The South African economy was never going to be a quick fix. Basic necessities being cheaper is extremely important in South Africa where unemployment and low wage remain a very widespread reality. SA is on a path to improvement, we need to be happy with these small victories until substantial change has taken place.
Jessica said:
on Monday 04-Jun-18 04:30 PM
Inflation Rate in South Africa averaged 9.10 percent from 1968 until 2018, reaching an all-time high of 20.70 percent in January of 1986 and a record low of 0.20 percent in January of 2004! This is a positive change within our economy - perhaps we can attribute it to the recent change within our political sphere!
Prishani said:
on Monday 04-Jun-18 04:13 PM
I have been told that yoga is not an easy class and definitely not one to underestimate! I heard that they do some pretty hectic exercises and it is by no means a class to take lightly.
Mathilda Du Preez said:
on Monday 04-Jun-18 03:04 PM
Well at least fruit prices are going down, but the petrol price is my main concern especially traveling 120 km a day it’s starting to get unaffordable
Megan said:
on Monday 04-Jun-18 11:12 AM
It is good to hear but hopefully its not one of things where we're moving one step forward and three steps back. I hope our economy continues to grow more steadily.
Bianca N said:
on Monday 04-Jun-18 09:14 AM
It is a good sign, however the petrol price is still a problem with the price increasing so much.
clare said:
on Monday 04-Jun-18 08:47 AM
This some good news, I do hope that the petrol costs can drop as its starting to get really expensive soon we will all be walking and riding bicycles due to the cost of Petrol not that is a bad idea too
Natasha said:
on Monday 04-Jun-18 08:34 AM
It is nice to know,especially the fruit that is cheaper. But the fact that the petrol went up eish just hope things get better.
courtney said:
on Monday 04-Jun-18 08:27 AM
its always nice to hear positive thing like this. I'm so happy that the fruits are cheaper because with my healthy eating all I buy is fruits. Lol
Alexis said:
on Monday 04-Jun-18 08:25 AM
I agree with David with regards to the petrol price and everything going up once again. I am really hoping that the economy carries on doing better - I am positive we will all benefit from it
Fikile said:
on Monday 04-Jun-18 08:18 AM
I think it's better if we all have something that is more positive and is keeping us out of anything that is not helping our finances
brumilde said:
on Monday 04-Jun-18 08:12 AM
Lets just hope SA looks more into public transport, especially if you are traveling from outside JHB. 'Skytrains" i loved those when i was in canada. Felt like i could go anywhere.
Thabitha said:
on Monday 04-Jun-18 08:11 AM
That is what South Africa need at this stage positive sign in economy and we hope to see changes slightly each and everyday.
david said:
on Monday 04-Jun-18 07:17 AM
it's a matter of time until the petrol price pushes up the cost of everything else. it used to cost me around R650 to fill my car's tank. it's now around the R800 mark...
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!
