DINEO TSAMELA: Your recession survival guide
Follow these tips to get through tough times
This year is turning out to be a burdensome one for consumers, with the first half of 2017 witnessing a series of unfortunate economic events. Analysts and traders were hoping for an infrastructure boost from the new US administration, which, if it had materialised, would have boosted commodities and affiliated industries. However, those promises by US President Donald Trump to invest in infrastructure have been lost in the controversy surrounding him. There's as much uncertainty over US politics now as there was in November - and no one can tell what the endgame will be. Locally, there have been waves of protest and a lot of political noise. We've also been downgraded to junk status, the unemployment rate is 27.7%, and we're in a recession.A look at the second half of 2017 on the back of this hostile environment doesn't inspire much confidence. Despite the rand's relative strength right now, the economy will remain under severe pressure. The only consolation, perhaps, is that we ar...
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