Brent Oil Price Dropped 21% in July in Dollars, from $60.12 to $53.35. USA Oil is now at $46.77 a barrel.
Rand dropped 4% from R12.17 to R12.64.
Barrel of oil dropped 8% from R731 to R674.
Fuel price going down about 50 cents a litre on Wednesday 5th August in South Africa. If the Rand wasn't so miserable, we'd be having a much bigger drop in the petrol price.
The Rand is the share price of our country. As per Trevor Manuel, the management must either get its act together, or be replaced!
http://www.iol.co.za/business/news/manuel-soes-need-better-managers-1.1893273
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