Petrol price hike in South Africa

Petrol Pump

Tuesday night will see the highest single increase in the petrol price in SA and there is a possibility that it will go up again next month.

As from midnight motorists will pay 93c a litre more for their petrol. The wholesale price of illuminating paraffin will also go up 73c/l.

Currently costing R11.04/l in Gauteng, petrol will cost R11.97 as from midnight. It will be R11.62/l at the coast.

Furthermore trade union UASA says the fuel price increase may lead to job losses as employers may be forced to cut costs.UASA’s Jacques Hugo says: “We are concerned that the latest fuel hike will influence companies to start looking at their bottom line because of the increased costs to transport and to manufacture goods.  And we seriously concerned that that could possibly lead to job losses”.. Other cities in South Africa have been really affected by this sudden hike for example in Durban Fuel stations across Durban had queues of motorists, with some stations close to running dry as the highest petrol price increase in the country’s history. furthermore  Bilal Mansoor, who manages the Sasol station in Cowie’s Hill, Durban, said they were very busy throughout the day, but he had enough supply to meet the demand on Tuesday night.

“We received fuel last night [Monday night], and while there have been queues of motorists, we are managing.”

He said an emergency request for fuel would be made if needed, but with many stations thinking along the same lines, it was not certain when, or if, that fuel would arrive. workers further complain that the petrol prices keeps going up but their salaries stay the same. Watch video

For more information visit: http://www.timeslive.co.za/thetimes/2012/09/03/shock-petrol-price-hike-to-wallop-worn-down-wallets

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Are You Serious? Kim Kardashian wants kids with Kanye West.

The 31-year-old reality TV star “definitely” wants to start a family with the 35-year-old rapper and thinks he is the right man to give her the children she has always wanted.

Speaking on US chat show ‘The View’, Kim revealed: “Kids are definitely something I want.

 

Spotted in front of Kanye West’s Recording Studio,

“I think I wanted that before. I think I fell in love so quickly and wanted that to be my life so badly but I just didn’t take the time to find someone. I definitely think anything I’d be in now is a permanent relationship.”

The curvaceous beauty spoke candidly about her six-month romance with the ‘Stronger’ hitmaker – who brags about her infamous 2007 sex tape in his latest track ‘Clique’ – and described him as her “perfect match”.

Kim enthused: “In a perfect world you know when you find someone that you really think is your perfect match.”

She was then quizzed: “Is he?” To which she replied: “I think so.”

The socialite was less enthusiastic when describing her ongoing divorce to basketball player Kris Humphries – who she split from after just 72 days of marriage – but Kim has no regrets and thinks the experience helped make her a better girlfriend.

She explained: “Technically we’re still married … That was really hard on my heart to have to explain to someone something like that.

“I really don’t have a lot of regrets. I’m such a different person today. Anyone in my past would probably have wanted the person I am today.”You’ve gotta listen to this 🙂

Police arrest suspect with Cynthia’s Blackberry

 

 

September 5, 2012

Police arrest suspect with Cynthia’s Blackberry
 

By Christopher Oji

A fresh development in the death of Cynthia Osokogu came up yesterday as the Lagos State Police Command said it has arrested a suspect in possession of the deceased’s Blackberry Bold 5 (9900 model) telephone.

The Lagos State Commissioner of Police, Alhaji Umar Manko, who told Sweetest Nostalgia that his detectives traced the suspect, Nonso Ezike, a graduate of Mathematics and Computer Science at the Federal University of Science and Technology (FUTO), Owerri and a relative of one of the alleged killers, Chidera Ezike, paraded by the police recently, to Port Harcourt, Rivers State, where he was nabbed and brought to Lagos.

Manko, who ascribed the success of the new development in the brutal murder of Cynthia to the painstaking investigative effort of the Area Commander ‘E’, Mr. Dan Okoro, an Assistant Commissioner of Police, said the police will ensure that the public gets full information as those behind the murder are unmasked.

Okoro, who personally led the investigation, said: “We were having problems on how to get the late Cynthia’s phone. We met the father of the late Cynthia who gave us the pin number of Cynthia. From there, we started chatting with the person who has the phone and he told us he bought it from someone. So we told him that we needed the phone and we pledged to pay him back the money but the buyer said the phone was giving him problems and that he intended to send it back to the person who sold it to him.

“We traced the mast and discovered he was chatting from Port Harcourt. He told me he bought the phone from Lagos when we eventually got him online. Few days later, he called to say he has returned the phone to the actual person he bought it from. We urged him to ask the person to return the said phone to our office in Area E Command, FESTAC.

“The person eventually came to our office with a lawyer to drop the phone and I asked my men to arrest him immediately.

“Coincidentally, the man who came to drop the phone with us is a younger brother to the prime suspects who have been arraigned in court. He confessed to the police of having sold three telephones given to him by his brothers on other occasions.

“He also confessed that he sold Cynthia’s Blackberry telephone for N68,000.00.

“The Commissioner of Police gave us express instructions to ensure that no person who has a role in this dastardly act is left unpunished. The driver to the killers, Gideon Okechukwu, has also been arrested sequel to information given by the suspect in our custody.”

The driver was said to have been hired to convey them around anytime and anywhere they had a victim. He was also said to have been moving their loots to where they were sold.

Manko said the suspects would be charged to court soon.

Protesters Storm CBN Office Over N5,000 Note Approval

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Protesters estimated to be about 1,000 yesterday stormed the Central Bank of Nigeria (CBN) headquarters in Abuja to kick against the government’s plan to introduce the N5,000 currency.

This is even as the Federal Government through its National Economic Management Team (NEMT) also yesterday gave its nod for the currency’s take-off.

Defying the downpour and presence of armed police and soldiers, the protesters blocked the entrance to the CBN building, causing serious traffic snarl for several minutes.

Bearing placards, the protesters danced inside the rain with passers-by staring through their vehicle windows.

Leader of the protesters and former member of the House of Representatives, Otunba Dino Melaye, vowed that similar protests would be replicated across the country and in some strategic places until the CBN bows to the demands of Nigerians.

“If they go ahead with the introduction of this N5,000, we will give them the Egyptian treatment. In the interest of the masses, please, engage us. Policies are meant to promote humanity. They are not meant to create difficulties for the people,” Melaye warned.

He added: “Instead of the government fighting and prosecuting those indicted in the fuel subsidy scam, government wants to further inflict pains and injuries on Nigerians that are already suffering.

“What I am saying is that Nigerians are saying no to this new N5,000 note. While we are still praying to God to conquer Boko Haram, the CBN Governor, Sanusi Lamido Sanusi, is introducing this new note.

“We will reject and renounce it.”

While the protesters were still dancing in the rain, the Deputy Governor, Operations of the CBN, Mr. Tunde Lemo, attended to them amid tight security.

Lemo denied plans by the apex bank to expend N40 billion on the printing of the note.

“Let me debunk something I just saw in the paper. We are not spending N40 billion to print the N5,000 note,” Lemo affirmed.

Though his voice was drowned by boos from the crowd, Lemo promised that the leadership of the CBN will study the contents of the petition and respond accordingly.

“First and foremost, let me thank you for coming to express your views about the policy of the CBN,” Lemo stated, adding: “Let me assure you that we have a lot of respect for the masses of this country because without the masses, there can’t be CBN.

“CBN is doing a lot to help the masses.

“The most important responsibility of the CBN is to fight inflation. It hurts the masses more than anything else. We will go through your petition.

“Let me assure you that the leadership of the CBN under Mallam Sanusi Lamido Sanusi is interested in ensuring that the masses of this country are well taken care of.

“Whether we introduce N5,000 note or not, every year we print money. Whatever we are trying to do is to ensure we reduce the cost of printing.

“I can assure you that we are sensitive to the masses. We will look at all the issues and respond.”

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Endorsing the note, the EMT, chaired by President Goodluck Jonathan, also allayed the fear that its introduction would lead to high rate of inflation.

The NEMT said that there was no link between inflation and currency denomination.

It said rather, the introduction of the higher currency will help shore up the value of the naira as most people who store money in hard currency would now embrace the high denomination.

Fielding questions from State House correspondents after the meeting, which lasted about five hours, the Minister of National Planning, Dr. Shamsudeen Usman, who disclosed the NEMT’s endorsement, said that the higher denomination is not in variance with the cashless economy proposed by the CBN.

Usman said that the new higher bill will be introduced along with the production of new coins of N5, N10 and N20.

The policy is expected to take off next year.

“Clearly, the N5,000 note, unlike the misrepresentation by some people, is not going to lead to higher inflation.

“There is absolutely no link.

“I am an economist, I have been Deputy Governor, Operations of the Central Bank.”

On the issue that its introduction was at variance with the cashless policy, Usman said: “It is not in variance.

“In most of the economies you look at, the Euro has the €500 note. If you go to the countries where Euro is in use, you will not get the €500 note in normal circulation.

“But it is used by the banks and a few other heavy cash users to store higher value. I have been to parts of the United States where you draw the $100 bill and give it to somebody and they start looking at it as if  it is something strange.

“They probably have not seen it.”

Also commenting, a member of NEMT, Atedo  Peterside, said that besides the fact that it does not add to increase in cost of printing of currency, that money being a store of value, the higher the denomination, the better it is for the economy as those who made money legally and illegally will want to keep it in naira rather than the hard currency.

Peterside said, “If I were the CBN Governor, I will prefer to print N10,000 notes.

“Last year, Nigeria spent N47 billion to print these small, small notes.

“If we were printing bigger denominations, we will print fewer number and you make phenomenal savings.

“Secondly, money is a store of value.

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“All these thieves and vagabonds running around all over the country, when they steal money, they will want to keep it outside the banking system.”

Also speaking, another NEMT member, Aigboje Aig-Imoukhede, described the reactions trailing  the planned introduction of the N5,000 note as rather unfortunate.

Aig-Imoukhede said: “It is very rare for you to have a Central Bank that does not look at the issue of currency management and issue new notes from time to time based on the reality of the economy.

“In the case of Nigeria, a N5,000 note, which is in effect a $30 note, is not strange.”

The President, Dangote Group, Alhaji Aliko Dangote, also a member of NEMT, said: “The introduction of the N5,000 note has nothing to do with inflation. I think it is even to protect the economy.

“The cost of printing is not anything different from the amount they are using in printing any other note. It is the same cost.”

The Adamawa State Governor, Murtala Nyako, and his Anambra State counterpart, Peter Obi, spoke in favour of the N5,000 note, assuring Nigerians it will not cause inflation.

The NEMT, which was also attended by Vice President Namadi Sambo, is headed by the President.

It is made up of the Minister of Finance and Coordinating Minister for the Economy; the Governor of the CBN; the Minister of National Planning; Directors-General of the Security and Exchange Commission; and the Bureau of Public Enterprises (BPE) among others.