The ruling Anc party,was holding a rally in Kimberley celebrating its 108 years.This celebration, which is usually accompanied by a jovial mood of song and dance by party leaders, members and supporters, happens during a time when the country has been plunged into several crises of epidemic proportions. Can the ANC really afford to celebrate?..
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#LetThemEatCake SA in crisis while ANC & black elites eat cake, celebrating its 108 years
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Bad news for consumers before the festive season, Reserve Bank acknowledges SA’s inability and increases interest rates by 0,25% – people will have to tighten the belts this Xmas to not incur unnecessary debt
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The South African economy is still struggling and is in a technical recession since the beginning of the second quarter. The Reserve Bank held its last of six meetings this year, and had no choice but to raise interest rates by 0.25%. The lending rate to banks is thus increased to 6.75% and means that..
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Recession not only a technical and temporary problem, consumers can expect to pay R17 plus for fuel
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All indications are there that the fuel price may rise by almost R1,15 in October. It can burst the price of fuel through the R17 border, which will bring higher food prices and transport costs. This despite Cyril Ramaphosa’s assurance that the recession is only a technical and temporary problem. However, the higher fuel price..
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