Oil prices have recently collapsed to an all-time low reaching below $0 for the first time in history. Traders dumped oil due to the ongoing impact of the Coronavirus. The historic decreases are expected to have a negative knock-on effect on oil-producing countries, many of which are in Africa. Economist Neil Roets explains this is… Continued
Economist Neil Roets says that despite the decrease in fuel prices, consumers should keep saving for a potential price hike in the New Year. The slight relief in the price of fuel should not be seen as an opportunity for people to go more spend money. Find out more on this radio clip.
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