mmegi

No more blood to squeeze from these stones

Out of reach: Cooking oil prices rose by 28% last year, highlighting the difficulties consumers faced in the economy
Out of reach: Cooking oil prices rose by 28% last year, highlighting the difficulties consumers faced in the economy

The stampede of tax and levy introductions and increases that broke out last April and ran rampant over the economy means ordinary citizens simply do not have the ability to help government cover shortfalls in the budget. Staff Writer, MBONGENI MGUNI reports

Thanks to the increases in various administered prices last April, inflation, or the rate of increase in the prices of goods and services, has been trending at nine-year highs, effectively slapping many commodities out of the hands of citizens.

Administered prices which went up last April include:

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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