Petrol and power price jump could push SA into recession

Fuel and electricity price increases may drive country into recession, according to economist, Dawie Roodt.  The R1.62 a litre increase in the price of 95 octane fuel together with the 14.25% increase in electricity tariffs for municipal users could drive South Africa into a full-blown recession.  Roodt said this was the largest fuel increase in history and was going to hit consumers like a ton of bricks.  “If Eskom loses any more generating capacity, economic growth could slow to less than half a percent or even become negative plunging the country into recession.  More

Source: www.businesstech.co.za