Biggest fuel price increase in SA history

[WIDEOPN-X5]

And oil ticks over US$80.00 a barrel this morning. Rand heading upward towards 14.40 to 1.00...... December?.... R18.50 to R19.00/litre coming.

Inflation will follow and thereafter interest rates....

Who is affected the most in the immediate short term? The middle class who have bonds and vehicle finance and other credit... Thereafter? The low income households as the initial lag in food price increases enters the equation in early 2019 through a combo of producer and retailers gouging......

Another success story brought to us by the Mafia cANCer.....

2019 election results predictions? CANCer retains minimum 60%.....:ty:

 

[Dirtydeedsman]

And oil ticks over US$80.00 a barrel this morning. Rand heading upward towards 14.40 to 1.00...... December?.... R18.50 to R19.00/litre coming.

Inflation will follow and thereafter interest rates....

Who is affected the most in the immediate short term? The middle class who have bonds and vehicle finance and other credit... Thereafter? The low income households as the initial lag in food price increases enters the equation in early 2019 through a combo of producer and retailers gouging......

Another success story brought to us by the Mafia cANCer.....

2019 election results predictions? CANCer retains minimum 60%.....:ty:

We cannot blame these trends purely on the government, If you look at the trends on developing countries were are all in the same sort of downward spiral. I had the opportunity to meet with Mike Schussler from Economics.co.za sometime ago and he was discussing the same thing but focusing on employment and growth rates. Corruption, Massive strike actions and radical conversations like Land Issues is affecting investor confidence make not mistake but the petrol issue is not purely based on the ANC leader but rather other external factors outside our control e.g: The strengthening of the USA since Trump took over.

 

[yush1]

We can blame government. They are taking 40% of the fuel price as a levy. They have become reliant on this money so they cant reduce it. :dunnoanymore:

 

[RAArmstrong]

And oil ticks over US$80.00 a barrel this morning. Rand heading upward towards 14.40 to 1.00...... December?.... R18.50 to R19.00/litre coming.

Inflation will follow and thereafter interest rates....

Who is affected the most in the immediate short term? The middle class who have bonds and vehicle finance and other credit... Thereafter? The low income households as the initial lag in food price increases enters the equation in early 2019 through a combo of producer and retailers gouging......

Another success story brought to us by the Mafia cANCer.....

2019 election results predictions? CANCer retains minimum 60%.....:ty:

We cannot blame these trends purely on the government, If you look at the trends on developing countries were are all in the same sort of downward spiral. I had the opportunity to meet with Mike Schussler from Economics.co.za sometime ago and he was discussing the same thing but focusing on employment and growth rates. Corruption, Massive strike actions and radical conversations like Land Issues is affecting investor confidence make not mistake but the petrol issue is not purely based on the ANC leader but rather other external factors outside our control e.g: The strengthening of the USA since Trump took over.

Fuel price I blame the cANCer 100%. Our neighboring countries buy their fuel from us and yet pay so much less. Why? Because government cannot manage their own money so they keep hiking up levies in the hope of making up for the deficit. This doesnt work though because they continue to mismanage the money.

 

[yush1]

[video=youtube]

I think this where we heading

 

[WIDEOPN-X5]

Dirtydeesman, the government of the day is completely in control of a significant portion of the pricing structures that influence the fuel price.

Not the least of these factors is that it is an easy source of revenue to top up the leaking fiscal "bucket" ...the same fiscal "bucket" that continues to develop ever larger holes due to corruption and the promises of more and more free stuff to more and more people. All in the name of garnering support to ensure that their snouts remain firmly in the trough.

The trouble is of course that the free stuff leads to a sense of entitlement on the one hand and on the other hand, as any right minded person understands, indeed for one person to get something free, someone else has to pay for it.

This leads to another problem not directly fuel price related and that is that the source of these taxes which is thrown at the entitled masses is shrinking every day. The model is not sustainable. THIS is where the Schussler comments may be relevant ie.... the model in other emerging markets is the same because they too have rampant corruption and entitled masses.

When one raises the question of entitlement of course as a white person I am "counter revolutionary" or "wanting to maintain the status quo" or "not on side to redress the imbalances of the past"

Well, the reality as is the reality on the entire continent, is that the "masses" have increased in number at a significantly higher rate than the minorities have not so?? Please do prove me wrong. That is why now SA sits with a young unemployment reported at around 50%..... what does that tell us?

Again not directly fuel price related but relevant, the youthful masses have taking the entitlement mentality to a whole new level. "Its my right to go to university and it must be free" - Aside from those fortunate enough to have received bursaries pre 94, EVERYONE paid for their tertiary education.

Now it must be free....to everyone who wants to have a go at it even if their marks aren't good enough. I didn't cut the mustard for university.... my marks weren't good enough....I didnt go on the rampage and burn down the library at uni!!!

Quote:

Corruption, Massive strike actions and radical conversations like Land Issues is affecting investor confidence make not mistake but the petrol issue is not purely based on the ANC leader but rather other external factors outside our control e.g: The strengthening of the USA since Trump took over.

End quote

Corruption is directly affecting the fuel price on the basis of my first points above ie the need for increased tax revenue to prop up a fiscal bucket leaking like a sieve because of corruption and entitlement.

Strike action happens because unions have been allowed to run rampant and gain political significance. The unions now understand that in large part they hold the country by the balls

Land issue has a direct affect on fuel prices because an idiot like Malema shoots his mouth off, the cANCer feels the need to counter or join the voice and the exchange rate plunges. Because we no longer have 6months of strategic oil reserves in tanks in Durban, Saldanha etc, the negative exchange rate has a direct impact MONTHLY on our fuel price. Both the above are directly linked to the government in power, no?

Sadly Ramaphosa has shown himself to be devoid of the balls to deal decisively with a corrupt and bloated caucus. There's this side show of the State Capture enquiry from which I am willing to wager not a single prosecution will result. Anyone remember the Travelgate scandal?? What happened there? Slaps on the wrist for CORRUPTION.

Why would I believe this clown show will be any different?

This country is in serious trouble akin to a powder keg sitting in the middle of a piece of veld that is very dry at the end of a long winter and there's a high fuel load of tall grass...... we better pray no-one flicks a cigarette butt!

 

[Ddoooooon]

Flick the cigarette , will only get worse before it gets better.

 

[Dirtydeedsman]

*snip*

I am in agreement with this 100%, maybe my point was a bit off because I didn't use that much words and English but I totally get what you are saying and I am in agreement.

The working minority has shrunk badly to a point where the amount of people we are supporting via the governments free hand outs projects is deep in the millions.

Fuel does have a knock on effect on everything from the price of bread to investments and bag of weed. My point was merely to show that this is not an isolated issue, Yes things are getting bad in SA daily but we are not feeling this alone as other developing economies are in the came cycle that we are in. Here in SA however we do have the added sting of being heavily taxed on fuel and everything else and its only going to get worse because NHI is coming. At this point in time they have no idea how its going to be funded and Minister of Health has pointed at a 4% tax increase of current PAYE.

Are we headed Zambia or Zim direction... too early to tell but we can always keep our heads up.

Good luck to us all and may the odds ever be in our favour...

Edit: Don't mean to sound gloomy and all the end is here, just walked out of a meeting where 3 branch offices are getting closed and about 27 jobs will be lost... even if you are not getting retrenched that sh*t sits heavy on you

 

[Veteran]

Flick the cigarette , will only get worse before it gets better.

Unfortunatelly the cigarette was flicked some time ago. The fire has been raging on. Consider us taxpayers as the firefighters. That is why we still have a economy.
Realistically though the fire will keep burning.

I love this place, but realistically have accepted that it’s all going down a very slippery slope.

 

[dvst8]

The only Cancer in SA are those in here and out there who constantly complain about the ANC and government.

In my opinion, all they spread their deep rooted hatred for a free and fair democratic system and a government that is majority black.

Little or no understanding of global economics so all they can do is spew their misguided opinions that is based on nothing but their bias.

I am not going to explain global economics and the impact of crude oil prices or foreign exchange etc. Instead I will use this opportunity to call out on the many misguided comments in the thread.

The biggest problem in SA is not the ANC, Government, Affirmative Action, Land Expropriation or any other policy, The problem is with those that feel entitled, grew up with that sense of entitlement and now in a free and fair society without that entitlement sit back and complain. For me, that is the Cancer that SA must rid itself off.

And while we patriotic, free society loving South Africans wait for this cancer to leave, we will stand by and support those organizations and leaders that helped us achieve our free society. For a majority, we are still in a better position now than we were under any previous government.

Before anyone chooses to attempt to shoot down my post, first I suggest that you understand global economics, gain some understanding of fuel prices and calculations, get a proper understanding of our history, then when all you left with is your bias, you welcome to take my post on.

 

[Twinz]

All i will say to this debate is: I wont pay 1.3 million plus interest for an M4 and with the fuel price going north...i will happily go back to riding a bicycle to work....okay maybe not a bicycle...maybe getting my old toyota tazz backmgwaiting:

 

[MikeR]

:fencelook:

 

[WIDEOPN-X5]

The only Cancer in SA are those in here and out there who constantly complain about the ANC and government.

In my opinion, all they spread their deep rooted hatred for a free and fair democratic system and a government that is majority black.

Little or no understanding of global economics so all they can do is spew their misguided opinions that is based on nothing but their bias.

I am not going to explain global economics and the impact of crude oil prices or foreign exchange etc. Instead I will use this opportunity to call out on the many misguided comments in the thread.

The biggest problem in SA is not the ANC, Government, Affirmative Action, Land Expropriation or any other policy, The problem is with those that feel entitled, grew up with that sense of entitlement and now in a free and fair society without that entitlement sit back and complain. For me, that is the Cancer that SA must rid itself off.

And while we patriotic, free society loving South Africans wait for this cancer to leave, we will stand by and support those organizations and leaders that helped us achieve our free society. For a majority, we are still in a better position now than we were under any previous government.

Before anyone chooses to attempt to shoot down my post, first I suggest that you understand global economics, gain some understanding of fuel prices and calculations, get a proper understanding of our history, then when all you left with is your bias, you welcome to take my post on.

Started to write a detailed repost then thought fuck it.... Simply impossible to alter someone's mind that's already made up and doesn't want to be confused with facts.

PS : Realise the following. The vast majority of the minority cannot and will not go anywhere else. So either kill us or accept us but understand that the majority of the minority did not grow up with a silver spoon in their mouths contrary to popular myth spread by the likes of Juju and his ilk.

It is not my fault that I grew up in a home with 4 family members in stead of 10. I had 2 children instead of 6...

I started working very young and have worked my ass off for what I have. I never once felt entitled to anything and indeed have never expected anything to be given to me for free. Sad reality is that there are now millions of people who have now been brainwashed into believing the country owes them for their struggles.

Good luck with that. When you have fuck all better to do one day take a trip to any of the "free" African countries north of our borders and check out the how they eat their freedom. The masses are a comodiity and a means of ensuring power for the elite.

For a seemingly educated individual you make some worrying statements.....

 

[Ddoooooon]

Quote:
"The biggest problem in SA is not the ANC, Government, Affirmative Action, Land Expropriation or any other policy, The problem is with those that feel entitled, grew up with that sense of entitlement and now in a free and fair society without that entitlement sit back and complain. For me, that is the Cancer that SA must rid itself off. "

Im not biased or entitled or privileged , think this country is great but miss managed ,but your statement is not correct , its your opinion which you are entitled to like everyone else . So much corruption in government & our society is far from free & fair, that goes for all races .
If people just sit back and let things continue it can only get worse,not talking about violence but people have a right to voice & debate.

 

[dvst8]

Before anyone chooses to attempt to shoot down my post, first I suggest that you understand global economics, gain some understanding of fuel prices and calculations, get a proper understanding of our history, then when all you left with is your bias, you welcome to take my post on.

:blowheart:

 

[Zach]

The only Cancer in SA are those in here and out there who constantly complain about the ANC and government.

In my opinion, all they spread their deep rooted hatred for a free and fair democratic system and a government that is majority black.

Little or no understanding of global economics so all they can do is spew their misguided opinions that is based on nothing but their bias.

This is just my opinion on the crap that you spew but I know enough about global economics, sa history and how the fuel price is calculated to know that you full of it. You sound like a ANC mouthpiece with racial divide on your mind who will lie and say just about anything to get ahead of everyone. You sure you not employed by them?

 

[Yuben]

How did people complain in the past when social media and forums didn't existmgwaiting:mgwaiting:mgwaiting:
What difference is it going to make getting worked up and bickering with one another on the forum this morning?

Once you done, ranting and raving, is the price of fuel going up next week, going to come down?

Hell No!

So continue wasting energy on things you cannot control and get no where.
Instead try and focus on positives and shift your mindset.

 

[dvst8]

The only Cancer in SA are those in here and out there who constantly complain about the ANC and government.

In my opinion, all they spread their deep rooted hatred for a free and fair democratic system and a government that is majority black.

Little or no understanding of global economics so all they can do is spew their misguided opinions that is based on nothing but their bias.

This is just my opinion on the crap that you spew but I know enough about global economics, sa history and how the fuel price is calculated to know that you full of it. You sound like a ANC mouthpiece with racial divide on your mind who will lie and say just about anything to get ahead of everyone. You sure you not employed by them?

Typical, cant dispute the facts so your only way is an attempt attack the individual.

Be gone !

mgwaiting:

 

[yush1]

I just started the thread as a reminder to fill up before the next increase, not a political debate. :roflol:

 

[Zach]

The only Cancer in SA are those in here and out there who constantly complain about the ANC and government.

In my opinion, all they spread their deep rooted hatred for a free and fair democratic system and a government that is majority black.

Little or no understanding of global economics so all they can do is spew their misguided opinions that is based on nothing but their bias.

This is just my opinion on the crap that you spew but I know enough about global economics, sa history and how the fuel price is calculated to know that you full of it. You sound like a ANC mouthpiece with racial divide on your mind who will lie and say just about anything to get ahead of everyone. You sure you not employed by them?

Typical, cant dispute the facts so your only way is an attempt attack the individual.

Be gone !

mgwaiting:

When the individual is spreading hatred, warmongering and outright lies on a car enthusiast forum then they are opening themselves for attack.
The forum was better when you were gone. Pity.