SA has hard choices about commodities - economist
Johannesburg - Expect South Africa, Saudi Arabia, Brazil and Russia to have to make hard choices if commodity prices stay at current levels or go lower, warned Mike Schüssler, chief economist of economists.co.za, in a report for TreasuryOne.
All commodity producers will now have to get reforms back on track as swelling budget deficits will come into play, in his view.
"Commodities are a gift that does not keep on giving and this could be the best lesson for most commodity producers to learn," said Schüssler.