Thursday, June 12, 2008

Financial Woes

Our Reserve Bank Governor, Tito Mboweni is expected to announce another repo rate increase today - expected to be at least 100 basis points. He will announce this just after 3 this afternoon. I don't know what is going to happen - everything goes up and up - there seems to be no relief. Wish our salary increases had gone up as much as everything else! Even the unions are threatening to strike should Tito increase the rates, but their threats won't help! Inflation is just too high.

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