A bleak Christmas - warnings against rash spending

A black Christmas lies ahead, say experts who have warned consumers to hold on to their hard-earned money. Now is not the time to celebrate and spend but to sit back and consolidate debt, said Independent Development Corporation chief economist Lumkile Mondi. Significantly, the fact that the price of petrol will go down by R1,61 a litre from midnight should not be construed as an invitation to spend freely and recklessly. The Department of Minerals and Energy said that the average international...