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Friday, June 26, 2009

No Drop

Well the hoped for .5 point drop in the Repo rate did not materialise.

Consumers are disappointed. (not just at Bafana Bafana getting so very close to a draw/shoot out) However Tito says that though times are tough they foresee an improvement in the local economy at the end of this year(presumably to do with the up coming Soccer World Cup)

However consumers are having to deal with other factors that are impacting on the cost of living such as the interim 30% hike in cost of electricity.

Well lets hope we can ride this rough patch out and make it to 2010.

Lets see what happens to cost of living then when all the local businesses get Dollar and Euro hungry.