We’ve all heard that a recession is upon us, but what exactly is a recession, and how does a recession impact the average consumer in South Africa? In this episode of The Money Podcast, self-made entrepreneurs Justin Harrison and Dawie Bester break down a recession in layman's terms. They explain why and how it impacts the average consumer, what we can learn from historical recessions and why recessions are a very important part of the economic cycle. This episode on understanding recessions is extremely valuable for the average person as it will not only provide a good understanding of the economic cycles, but can help you plan ahead for the next cycle. If you’ve been left feeling overwhelmed by the price of everything going up and you feel like there's no end in sight, then this episode of The Money Podcast will not only give you some peace of mind, but will enable you to have a better understanding of what lies ahead.