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

By: GARKO

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

People were advised to be extra careful this year when spending as they will start to feel the pinch from rapidly rising prices of food and fuel , 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 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'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.
This is further confirmed by Governor Mboweni’s prediction that the drop in value of the Rand will hold inflation above the usual for a longer time than expected. 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 inflation of the price of food is a different story, the main force which is propelling that is the international shift towards growing of crops for food to growing of the same crops for biofuel, especially in the US..
The increase in gasoline prices is largely due to increased demand from countries such as China and India and this is likely to continue.
So what can the individual man or woman in South Africa do in order to survive these turbulent financial times? 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 create a small device which infuses hydrogen into the gas/air mixture that their automobile runs on.
Using Water4Gas you can minimumly expect to reduce your gasoline usage by thirty to fifty percent or significantly more. With W4G gasoline is made usable so you can reduce your gasoline usage.
It also helps reduce emissions significantly.Happy members number about 99%! So how about you?

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

Entrepreneur, consumer advocate, songwriter and activist, GARKO, shows you how to increase power and save gas and how to run a car on hydrogen from water which is the best of the ways to save big on gas For a list of current gasoline prices in your neighborhood email garko@startlingdiscoveries.info

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