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How South Africans Can Fight Back Against The Decline Of The Rand

The South African economy was expected to have a rough ride this year and it has and there is no quick fix in sight.

South Africans were advised to be frugal by leading economists due to escalating food and petrol prices, 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 caused many to be concerned that the interest rates could be going even higher .
The Reserve Bank's four interest rate increases last year failed to bring inflation back within the 3 percent to 6 percent target range. 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.
The Reserve Bank's credibility is at stake. The inflation numbers may be too dramatic for them to do nothing.
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 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 increase in gasoline prices is largely due to increased demand from countries such as China and India and this is likely to continue.
How does the average South African citizen persist through such economic turmoil and what is likely to come? Well that is a broad question and there is no one quick fix. There are many smaller solutions. One can be certain, at least, of where the answer won’t come from. It won’t be from the government or the corporations or the bankers. Keep an eye out for individual innovations and grassroots movements.
WATER4GAS is offering information at a low price which individuals can use at home to build a small device which infuses hydrogen into the gas/air mixture that their automobile runs on.
Using Water4Gas you can reasonably expect to increase your fuel economy by 30-50% or significantly more. With W4G gasoline is made usable so you can increase your fuel economy.
It also helps reduce emissions significantly.The percentage of happy customers is about 99%! Isn’t it your turn now?

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

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