Inflation, High Interest Rates And Soaring Gasoline Prices Attack South Africa

The South African economy was expected to have a rough ride this year and it has and there is no quick fix in sight.

South Africans were advised to be frugal by leading economists due to escalating food and petrol prices, high interest rates and the effects of the Nation South African inflation which climbed above 9 percent in February for the first time in almost five years, which caused many to be concerned that the interest rates could be going even higher .
The Reserve Bank's four interest rate increases last year failed to bring inflation back within the 3 percent to 6 percent target range. The rand's 15 percent slump against the dollar this year and a proposed 60 percent increase in electricity costs threatens to keep inflation above the target.
All of this is giving the Central Bank a black eye and ruining their credibility because the numbers are increasing dramatically and they seem to not be able to control them.
Governor Tito Mboweni said on March 19 the rand's drop will keep inflation above the target for longer than forecast. Since the central bank predicted that the interest rate would start dropping down within acceptable range after the first quarter of 2008 and we seem to be going in the opposite direction that is not helping the Reserve’s reputation or credibility
The main reason for the current food inflation is a high global demand for wheat products, which puts an upward bias on local food prices. Other factors include grains, biofuel production and the demand for protein feed.
The effect of the increasing oil price on the price of gasoline has been a spike in prices. There has been a strong demand growth for oil from emerging markets such as China and India and this, in turn, has sent oil prices shooting up. .
How does the average South African citizen persist through such economic turmoil and what is likely to come? This, of course, is a question with many small answers, not one big one. One would be foolish to expect the answer to fall from the sky or from the oil corporations or from the government. It is up to individual problem solving and grassroots movements of new technologies.
WATER4GAS is providing information at a low price which car owners can use in their garage or wherever to put together a small assembly which infuses hydrogen into the gas/air mixture that their car or truck runs on.
With WATER4GAS you can reasonably expect to improve your fuel economy by 30-50% or significantly more. With WATER4GAS gasoline is made usable so you can improve your fuel economy.
It also helps make emissions significantly cleaner.Happy members number about 99%! Isn’t it your turn now?

Article Source: http://www.search4allinfo.com

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