A backslapping speech with little substance
The Cape Chamber of Commerce is, on the whole, disappointed by the State of the Nation address delivered by the President this evening.
The Presidency gave no clear policy direction. While alluding to very important topics, all the speech did was increase the frustration of business that the national policy vacuum continues.
While the President was frank in admitting that we need GDP growth in excess of five per cent to create more jobs and that the economy needs to grow threefold to create the desired 11 million jobs by 2030, quite simply, business does not respond well to uncertainty. And uncertainty is what we go tonight.
How is this growth going to be achieved?