Petrol price rise bad for tourism

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It is a shame that the price of petrol should rise by 61 cents today, given the steady decline that motorists became used to since late last year.   The new price is R 6,38 per litre at the coast.

An already depressed tourism industry in the country areas thrives on a reasonable petrol price.   However, a tank of petrol should cost just under R 400.

The anticipated decrease in the interest rate next week, by 1 percentage point it is hoped, is eagerly awaited by South African consumers, as retrenchments and the global credit crunch take their toll at all levels.

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