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22 April 2008

There is so much happening here that I don't know where to start. But.., my favourite Tony Yengeni win today.

He was up on drunk driving charge and today got off. Seems one of his "connections" at the local police station (the man in charge of course) left his blood sample in an unlocked drawer which was subsequently "tampered" with. On this basis the case against Yengeni was withdrawn.

The battle with Eskom seems to have no end. Trains transporting coal catches fire and Kempton Park had a power station blow-out after it caught fire. They're without power for the next 5 days! Could it be a lack of maintenance? We'll never know.

Cape Town municipality decided to up the charges for electricity by triple the 15% they promised. Eskom is still waiting to see if they can hike prices by 53% over and above the recommended hike. They want this increase to be maintained for the next three years!

And of course, the old bugger - fuel prices are going up again. Government will not lighten our burden with the 43% add-on they slap onto the fuel price and diesel is by far more expensive than petrol. I'm starting to think that my 4 liter V6 was a better buy at the end of the day! What gets me is that Sasol is the only plant in Africa (if not the world) that produce oil / fuel from coal and provide South Africans with 40% of our needs. Why the high price linked to international oil prices?

South African e-mail users keep on sending this ridiculous e-mail about how to force the major oil companies to lower their prices. They're either ignorant or stupid. Engen is the old Mobil and Excel is a Sasol BEE affiliate (if I remember correctly). Sasol is the one we should boycott. International companies like Caltex, Shell and Total has no control whatsoever over fuel prices. Get your priorities straight and lets take the fight to Sasol.

Seems some of our previously dis-owned land owners cannot provide for themselves on their newly found properties. Some of these "tribes" are now negotiating with government to take the land back. This has been a major catastrophy since it's inception. How did "they" expect the new land-owners to survive without providing the necessary tools to these people to make the ownership sustainable? No wonder there are less productive farmers out there than ever before in our history. No wonder food prices are soaring with our inflation rate.

Talk about inflation - seems we're in for another interest rate hike in July. The banks are panicking. They're already preparing themselves for hundreds of home owners defaulting on their bonds as they find it tougher to make a half-decent living.

Tighten your belts, Mbweni told us. Nice for him to say, living off our tax money and driving our car and filling up with our money.

Let's have your ideas -

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