Fuel price a crisis created by the ANC government
12 September 2018
The fast rising fuel price is a serious crisis for the country, and even more so for the ANC government as it is the rulings party's own doing and now there is no way to escape it.
The exchange rate is another serious problem and is indicative of how markets perceive a country's economy.
When former President Jacob Zuma was elected in 2009, the Rand’s exchange rate was R7,21 to the dollar. Tonight it is R14,97. The Rand has, therefore, weakened with more than half. R1,37 is what one needs to buy a single Botswana Pula.
In the light if this crisis, the ANC Minister of Communication, Nomvula Mokonyane, is making totally nonsensical and silly statements about the situation as she said that if the Rand falls, it must simply be picked up again.