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Yes but in all likelihood the other 90% of that log is wasted by means of making the train set.StarBound wrote:Uncut diamonds are cheaper than cut diamonds. The more you cut them the more value added they become and more expensive.
You get paid say $10 for a wooden log while when you buy back a wooden toy train set its $10 for the set which is cut from 10% of the log.
And if we somehow acquired the skilled artisans and specialised equipment required to produce quality cut diamonds this will magically bring the cost of everything down?StarBound wrote:Uncut diamonds are cheaper than cut diamonds. The more you cut them the more value added they become and more expensive.
The Rand is taking a pounding and you're worried about luxury items? Seriously?StarBound wrote: R6/$ I can live with. Anything higher puts a serious cramp in my gaming experience.
Motorists hit by whopping fuel hike
Sep 30 2011 12:35
Fin24
Johannesburg - Motorists will be hit by another massive rise in the price of petrol next week.
The cost of 93 octane fuel will rise 37c/litre and 95 octane 36c/litre, bringing the cost of petrol inland to R10.54/litre and at the coast to R10.24/litre, said the department of energy on Friday.
Diesel prices will rise by at least 35c/litre, illuminating paraffin by 30c/l and LP gas 62c/kg.
Although global prices for petrol, diesel and paraffin have gone down, SA has been hit by the huge increase due to a weaker rand.
The average rand/dollar exchange rate was R7.56/$ compared to R7.05/$ during the previous month, the department said.
In addition, the margin on all grades of petrol will increase by 4c/l to 85.2c/litre from next Wednesday.
This hike is necessary to cater for wage increases of 9% this year for service station industry staff agreed between unions and the Petroleum Retailers Alignment Forum.
And during the Steam huge sale...Rand withers as investors flee
54 minutes ago
Reuters
Johannesburg - The rand was on the back foot against the dollar early on Friday and was poised to close the week at its weakest level in two and a half years as investors filed out of emerging markets they perceived as risky.
Government bonds are being sold off in the bleak trading environment.
The rand fell to a new 2011 low this week at R8.61 to the dollar, and a deteriorating outlook for the global economy is pushing risk-averse investors into short-term and traditionally haven securities such as the dollar.
By 06:30 GMT, the rand had lost 0.6% to R8.5419 to the dollar, from a R8.4910 close on Thursday.
Yields on government paper were at seven-month highs at 8.725% on the 15-year issue and the four-year bond was testing the psychologically key 7% area.
Auction results of inflation-linked bonds are due at 09:00 GMT and yields are likely to continue the lower trend as inflation hit the central bank’s target at 6% in October.
“Bets are off at the moment. We’re seeing a lot more scurrying for safety,” said Paul Chakaduka of Global Trader.
“The biggest worry is Germany failing to get a subscription for their bonds. It was very disappointing and in that a lot of people have indicated they're looking for higher yields but not looking to take on any further risk on sovereign debt until a solution in Europe," Chakaduka said.
German bond prices rose this week after a poorly subscribed indicated that investors are wary of debt from one of Europe’s firmest economies.
Finance Minister Pravin Gordhan and Deputy Nhlanhla Nene are due to speak at around 17:30 GMT and could give insights on South Africa’s economic prospects in light of the eurozone credit crisis.
