This is not the time to panic
According to the recent International Monetary Fund (IMF) economic growth for South Africa for the current year and 2018 is unlikely to surpass 0.8% after registering 0.3% growth in 2016. Consumer spending will remain fragile due to stretched household budgets and high debts. Businesses are eventually going to feel the impact of the struggling economy, however, now is not the time for panic, what is needed is focused and decisive action.