Mbasa Gqokoma
02 June 2015
02 June 2015
The Cape Chamber of Commerce
attributed the increase in the petrol price to the weakening rand and the poor
performance of the economy.
Cape Chamber President Janine
Myburgh said there would be further increases as the economy continues to
under-perform.
Myburgh added that the lack of
growth, over regulation and policies have discouraged foreign investment in the
country.
Myburgh says the poor growth is
as a result of, for example, the Eskom disaster which is literally holding the
industry to a ransom.
“Businesses are forced to stop
new projects as a result of this challenge. It is a good thing that we are no
longer paying almost a $100 US dollars a barrel of oil”.
At the chamber, our main
concern is the price of diesel is the feel of industry, transport and
agriculture obviously stand by generators, Myburgh added.
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