From iAfrica
Trouble on the global financial markets has been over-shadowed in South Africa by political turmoil, which itself triggered panic on local markets when Trevor Manuel 'resigned'. But as the US reels from the rejection of a $700-billion banking bail-out plan, stock markets worldwide drop in value and a number of major economies teeter on the edge of recession.
What does this all mean for the average SA consumer?
Justmoney.co.za says:
Cut your borrowing, be careful with your investments, budget better and shop around for a lower mortgage.