I don’t know about you, but I am not an economics fundi and always find it pretty difficult to balance my monthly budget – and it’s therefore perhaps understandable why I cannot for the life of me see the logic in why, when times are bad, the Reserve Bank raises the interests rates?
I mean really, what the hell is that all about? We are struggling to find enough money to pay for the petrol hike, followed by the increase in everything else that moves, pending Municipal rates hikes and the Eskom farce – and the Reserve Bank is going to raise the interest rate!!
Perhaps someone who understands economics can explain to me what that is all about – because as a middle income statistic I find myself sinking under the weight of it all! You know, when times are bad the rich don’t get much affected by what surrounds them and the poor have nothing anyway – but the middle income group suffer the most and that is the group that keeps a country working.
So before any more hikes are thought of, I think the powers that be need to go back to the drawing board and come up with some innovative planning, don’t you? One note of happiness during the last weekend was the fact that 13 people shared the R40-million Lotto and that’s good news. I just hope that those people are part of the poor or middle income groups – at least they won’t have any economic woes to worry about – for a while!
Love
Prudens
