On Now
Weekdays 09:00 - 12:00
Mid-Morning Magic Yolanda
NEXT: 12:00 - 15:00 At Lunch with Pulane
Listen Live Streams

National

Recession: Consumers urged to tighten belts

───   06:27 Wed, 07 Jun 2017

Recession: Consumers urged to tighten belts  | News Article
File photo

Johannesburg - An economist is advising consumers to be more responsible with their spending during the recession.



South Africa is in a technical recession after a second consecutive quarter in which the gross domestic product contracted. The country's GDP growth rate stands at just 1% year-on-year.  


Market analyst, Mike Schussler, explains how the country found itself in this situation.


HeartFM

@ 2025 OFM - All rights reserved Disclaimer | Privacy Policy | We Use Cookies - OFM is a division of Central Media Group (PTY) LTD.