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tods5eshoes · Wysłany: Czw 9:31, 17 Mar 2011 Temat postu: bose earphones 2029

Even South Africa Having Economic Hard Times
Economic Anlaysts Forecasted in December that the New Year will be tough for the South African economy, with no end to high food and fuel prices in sight and, unfortunately, it looks like they are right
South Africans were advised to be frugal by leading economists due to escalating food and petrol prices, lofty interest rates and the inflation which rose above nine percent in February, the highest in the last five years, which added to speculation the central bank may resume raising interest rates.
Despite the attempts of the Reserve Bank to lower inflation by raising interest rates four times in 2007 the inflation rate has kept rising. The Rand is one of the few currencies in the world which has done worse than the dollar,[link widoczny dla zalogowanych], decreasing by 15 percent in comparative value this year. This and a possible hike on electrical rates of 60% promise to keep inflation aloft well above that 3 to 6%.
The Reserve Bank's credibility is at stake. The inflation numbers may be too dramatic for them to do nothing.
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 Reserves 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,[link widoczny dla zalogowanych], has sent oil prices shooting up..
So what can the individual man or woman in South Africa do in order to survive these turbulent financial times? This, of course,[link widoczny dla zalogowanych], is a question with many small answers, not one big one. One can be certain, at least,[link widoczny dla zalogowanych], of where the answer wont come from. It wont be from the government or the corporations or the bankers. Keep an eye out for individual innovations and grassroots movements.
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