Interests rates go up again

And so does my blood pressure

On Friday the 13th my blood pressure was abnormally high. Incidentally, when interest rates rise my blood pressure follows suit.

Over the past two years interest rates have risen steadily to the extent of threatening our livelihood. The National Credit Act has gone a long way in reducing reckless lending and borrowing. So the regular rise in interest rates is uncalled for.

Enough is enough. Mr. Tito Mboweni, please have mercy on us. We are struggling to make ends meet with rising food and fuel prices. A few months back a R100 note could buy me a few necessary grocery items, but now it's worthless.

What is difficult to stomach is that my house is slowly slipping out of my hands. With each interest rate hike I fear that I will end up in the streets or in a mkhuhku lest I sell my house and ensure I get a handsome R50 000 profit.

I can then use this to buy an RDP house. The prices range from R20 000 to R100 000 depending on the area and improvements on the property.

The price of electricity will rise by 27.5% from July and petrol will also increase by 70 cents a litre. My predictions that this will be a gloomy year are correct.

The next certain thing is not economic stability but the end of the world.