President Cyril Ramaphosa will deliver his third annual State of the Nation Address, which will be broadcast live from Parliament in Cape Town from 19h00 tonight:
The SONA serves to provide updates on government’s key policies, and in 2020 is being delivered in a very difficult environment.
A key focus for the president is expected to be job creation, with the address following a release from Stats SA showing that the country’s unemployment rate is stuck at a decade-high level of 29.1%
Other topics the president is expected to address is inclusive economic growth, improving the living conditions of the poor, the fight against corruption, repair of embattled SOEs and improving the capacity of the state.
Notably, the president will have to talk up the economy, where growth is currently showing closer to 0% for 2019, and the risk of possible recession with a Q4 GDP decline already on the cards.
Expert feedback and predictions:
“The substantial economic reforms detailed in National Treasury’s 2019 growth plan have not been implemented,” Investec chief economist, Annabel Bishop said.
“He will then have to speak about Eskom and SAA and provide some direction about the future of those SOEs. In terms of Eskom, he will need to flesh out a bit more what restructuring Eskom would entail. Then the issues around SAA and the business rescue, whether it is going to be saved or not.” said, Dr Sithembile Mbete.
“Get rid of SAA, scrap all visa requirements for entering South Africa as a passport should be sufficient, and get government departments to pay invoices of small businesses within a reasonable period of time.” said, Prof Jannie Rossouw.
See what the experts are expecting from Sona 2020: https://www.timeslive.co.za/politics/2020-02-13-what-the-experts-are-expecting-from-sona-2020/