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Assessing and promoting civil and minority rights in South Africa.

[Source: BusinessTech.]

While news of another major petrol price cut in January will give many a happy start to the new year, finance experts warn that the year ahead may not be as bright and cheerful.

In 2018, South Africa had a challenging time, with persistent issues in the economy weighing things down. A constrained budget, high levels of unemployment, creeping growth and low consumer confidence and spending were just some of the blotches on the path.

According to debt expert, Neil Roets, the recent petrol price cuts – while welcome relief – will do very little to change these fundamental problems, which are expected to continue in 2019.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.4% y/y in April 2019 (CPI) & +6.5 y/y in April 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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