Money savvy
THE recent shrinking economy has had the worst impact on households and businesses over the last 18 months. The consequences have been dire for many South Africans, and other contributing causes are the continual load shedding and taxi strikes, which can potentially become violent events.
The ongoing increase in the price of petrol and diesel adds to an ever-increasing inflation rate. Some large chain stores have reportedly spent millions of rands on diesel to ensure electricity in their stores for consumers during load shedding times.
The increased tariff charges from municipalities and Eskom have also contributed to the economic pressure South Africans are experiencing. Neil
