Tuesday, July 8, 2008

Petrol Prices and the Shrinking Rand

It seems that no matter how great your last increase was, you still have less money to spend on those luxuries you promised yourself prior to the raise.

It is rumored (read certain) that the petrol price will yet again rise in August. What a big surprise.

The Rand/Euro exchange rate has not been below R12 for forever either. I can't decide whet ever it is because one of our smart politicians opened their mouths or didn't when they should have. I just know that it is not in my best interest to have a pathetic exchange rate.

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