20°C / 22°C
  • Tue
  • 23°C
  • 9°C
  • Wed
  • 20°C
  • 6°C
  • Thu
  • 23°C
  • 6°C
  • Fri
  • 25°C
  • 9°C
  • Sat
  • 24°C
  • 8°C
  • Sun
  • 25°C
  • 9°C
  • Tue
  • 18°C
  • 10°C
  • Wed
  • 25°C
  • 9°C
  • Thu
  • 19°C
  • 12°C
  • Fri
  • 19°C
  • 12°C
  • Sat
  • 20°C
  • 9°C
  • Sun
  • 18°C
  • 11°C
  • Tue
  • 24°C
  • 10°C
  • Wed
  • 21°C
  • 8°C
  • Thu
  • 25°C
  • 8°C
  • Fri
  • 27°C
  • 8°C
  • Sat
  • 26°C
  • 9°C
  • Sun
  • 25°C
  • 8°C
  • Tue
  • 23°C
  • 8°C
  • Wed
  • 22°C
  • 7°C
  • Thu
  • 24°C
  • 7°C
  • Fri
  • 25°C
  • 6°C
  • Sat
  • 26°C
  • 7°C
  • Sun
  • 27°C
  • 8°C
  • Tue
  • 21°C
  • 14°C
  • Wed
  • 21°C
  • 14°C
  • Thu
  • 24°C
  • 14°C
  • Fri
  • 24°C
  • 14°C
  • Sat
  • 26°C
  • 14°C
  • Sun
  • 25°C
  • 17°C
  • Tue
  • 18°C
  • 11°C
  • Wed
  • 19°C
  • 9°C
  • Thu
  • 24°C
  • 13°C
  • Fri
  • 18°C
  • 12°C
  • Sat
  • 21°C
  • 13°C
  • Sun
  • 26°C
  • 13°C
  • Tue
  • 22°C
  • 6°C
  • Wed
  • 27°C
  • 9°C
  • Thu
  • 23°C
  • 10°C
  • Fri
  • 23°C
  • 9°C
  • Sat
  • 23°C
  • 13°C
  • Sun
  • 19°C
  • 9°C
  • Tue
  • 20°C
  • 10°C
  • Wed
  • 23°C
  • 13°C
  • Thu
  • 20°C
  • 12°C
  • Fri
  • 20°C
  • 11°C
  • Sat
  • 21°C
  • 13°C
  • Sun
  • 17°C
  • 11°C
  • Tue
  • 26°C
  • 12°C
  • Wed
  • 23°C
  • 10°C
  • Thu
  • 26°C
  • 9°C
  • Fri
  • 27°C
  • 9°C
  • Sat
  • 26°C
  • 10°C
  • Sun
  • 26°C
  • 10°C
  • Tue
  • 21°C
  • 5°C
  • Wed
  • 22°C
  • 5°C
  • Thu
  • 24°C
  • 5°C
  • Fri
  • 25°C
  • 5°C
  • Sat
  • 24°C
  • 5°C
  • Sun
  • 25°C
  • 9°C
  • Tue
  • 19°C
  • 10°C
  • Wed
  • 21°C
  • 11°C
  • Thu
  • 22°C
  • 9°C
  • Fri
  • 25°C
  • 6°C
  • Sat
  • 26°C
  • 7°C
  • Sun
  • 29°C
  • 6°C
  • Tue
  • 18°C
  • 6°C
  • Wed
  • 23°C
  • 8°C
  • Thu
  • 24°C
  • 11°C
  • Fri
  • 19°C
  • 10°C
  • Sat
  • 23°C
  • 10°C
  • Sun
  • 26°C
  • 11°C

Fuel price hike: 'Only way to ease burden is job creation & growing economy'

With an unemployment rate of 26.7%, rising fuel prices and GDP shrinking by 2.2% the poorest of the poor will suffer most.

Picture: sxc.hu

CAPE TOWN - Economists say Wednesday's major fuel price hike will affect poor people the most.

Petrol increased by 82 cents per litre and diesel by 87 cents.

With an unemployment rate of 26.7%, rising fuel prices and GDP shrinking by 2.2% the poorest of the poor will suffer most.

That's the view of chief economist Dawie Roodt who says the poor will now have to pay more for basic necessities such as bread and milk.

“Not necessarily directly but indirectly because many poor people do not own cars because food prices are likely to go up, transport costs are also going up.”

Roodt says the only way to ease the burden is job creation and a growing economy.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus