SA economy: It’s always darkest before the dawn

Like most things in life, the plunge in the oil price can be interpreted in one of two ways. As the reflection of a global economy that’s in deep trouble. Or a rejuvenating benefit for energy consumers coming at precisely the right time. In this Rational Perspective, we plump for the second option, supporting it with analysis by independent economist Cees Bruggemans who says the lower oil price will give the South African economy a 2.5% booster in 2015. As it will for other oil importing countries worldwide. Lower oil prices are a blessing, one much needed right now.  – AH