I really enjoyed Jerm’s offering this morning and he has given me kind permission to share it with you on here:
It really does feel that way at the moment. The sponge is being squeezed and there’s very little bathwater left to drip out.
For us in Cape Town, the next nasty “surprise” is the July 1st rates increase, which inevitably includes hefty hikes in electricity and water as well. While this will obviously prompt shock and outrage from the uninformed population (probably on the 2nd, as the 1st is a Sunday), this happens every year, with alarming regularity.
On a more positive note, we could (could) be looking at a petrol price drop in the meantime. And, if oil continues on its current downward trend and the Rand holds firm for a few more weeks, it might be as much as 55c/litre. That would give you more than 3 weeks to save up so you can light your house in July.