2012 has been a year of economic hardship from which we must emerge in 2013.

The economy is battling domestic and international challenges. We are precariously above water. Fewer than required jobs are being created.

Economic growth remains sluggish. The budget deficit is widening as the government borrows even more to spend.

At the same time, the trend of fruitless and illegal expenditure by the government continues. And no one goes to jail for it. The country's current account - the difference between imports and exports - is on the negative.

The country's balance sheet mirrors those of its citizens, many of whom have personal "fiscal cliffs". Households battle to make ends meet. Incomes are under stress. Borrowing levels are high. The costs of basic items and transport are increasing.

The good news is that the Reserve Bank has maintained a reasonable monetary policy, leaving interest rates low.

This allows households to reduce debt levels and small business to expand operations.

Marikana - which became the biggest and defining story of the year - was an explosion of the powder keg that underlies our troubled economy.

We should make sure our beautiful country never ever returns to an ugly chapter like that. The post-Mangaung leadership have their work cut out.

Despite the gloomy economic outlook and many socio-political ills, we have a beautiful country. We are a great people.

Let's be compassionate towards those in need.

We wish you a merry Christmas! Have a successful 2013!