SA Economy On The Mend

Analysis South African market forces point to a mending economy due to several market indicators that have turned on a green light from an amber light that was flashing preparing to hit the red zone that signaled a plunge into recession. The dwindling of fuel prices which had soared is one of the quickest market indicators that signaled a stabilising economy which seemed to have slipped out of the State's control. Fuel especially petrol's price tag was slowly getting out of hand and affected the prices of daily necessities like bread. Petrol prices fell from around R22.30 to around R21.90 which is a good indication since it is quite unexpected to have a drop in fuel prices. Furthermore, another indicator that put Mzansi into the economic green zone is the availability of electricity which has powered the industrial zone which decried the loadshedding that was taking place even though, the expenditure has been passed on to the consumers through the hiking of tarrifs. Although, ...