You know I wish there was a way that we could stop being reliant on fossil fuels. I mean look at this article from 2004 (http://news.bbc.co.uk/1/hi/business/3708951.stm) from the BBC trying to explain why oil prices are so high - back when it was $50 a barrel. Look forward four years later and we are hovering at around $130 a barrel.
Now I am fortunate on the one hand that I do not pay for my own petrol but what about the price of diesel. This has a direct impact on the price of groceries, which in turn fuels inflation. I bought a house at the beginning of the interest rate increases. I am now paying around R4500 more per month than I was paying two years ago.
Hopefully we will make it through the 200 basis points and some further fuel hikes.
Lets keep positive :-)
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