The Caper Chamber of Commerce says the
reason why petrol is so expensive is because of the weaker rand and not on
world events or conflict.
Cape Chamber President Janine Myburgh said
high electricity prices and corruption undermines the country’s competitiveness
and discourages investment.
Petrol increased by 29 cents a litre and
diesel by 14 cents a litre.
“We have seen our credit ratings slip and
this affects the value of the rand and borrowing costs. A weak rand buys less
oil and puts less petrol in your car.” Myburgh
She concluded by saying that when you add
up the massive wastage of public money spent on subsidising State Owned
Enterprises like SAA, the over-budget and long delayed the Eskom power
stations, the high cost of the public service, strikes and wage increases well
above the inflation rate then it is not surprising that the rand is weak and it
costs more to fill up your car
No comments:
Post a Comment