Neil Roets Explains Effect of Oil Price Decrease on SA Consumers

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 very good news for South Africans.

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