By Newsbreak Producer Tashlan Naidoo - Economists believe that while markets have responded positively to the US-Iran ceasefire, the economic shock will take a long time for economies to recover. The rand strengthened against the US, while oil prices significantly dropped in the hours following the ceasefire agreement. But with the impact already being felt on economies across the globe, what does this mean for South Africa. Chief economist at the Efficient Group, Dawie Roodt says it could take years for economies to recover, should this ceasefire last and the strait remain open... 

<p>By Newsbreak Producer Tashlan Naidoo - Economists believe that while markets have responded positively to the US-Iran ceasefire, the economic shock will take a long time for economies to recover. The rand strengthened against the US, while oil prices significantly dropped in the hours following the ceasefire agreement. But with the impact already being felt on economies across the globe, what does this mean for South Africa. Chief economist at the Efficient Group, Dawie Roodt says it could take years for economies to recover, should this ceasefire last and the strait remain open...&nbsp;</p>

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<p>Award-winning Current Affairs programme and News talk show. Brought to you by SABC News.</p>