Ramaphosa must show he can take hard decisions at SONA, says business lobby group
12 February 2020
Business Unity South Africa says it would like to hear President Cyril Ramaphosa make "urgent pronouncements on far-reaching economic structural reforms" to grow SA's economy and attract investment, when he delivers his State of the Nation address on Thursday.
As SA faces a "severe fiscal crisis" caused by rising debt, low economic growth and high unemployment, the address is a "critical opportunity" for the president to show that his government recognises the measure of crisis and can react, said BUSA, which represents organised business in SA. Official unemployment numbers for the fourth quarter of 2019, released by Stats SA on Tuesday, remained unchanged at 29.1% - the highest rate since 2008.
"We continue to talk about progress on process and procedure, but this is not real progress. Starting a process to make licencing independent producers easier is not the same as issuing a licence so that building can begin, " said BUSA in a pre-SONA statement.
BUSA would also like to hear Ramaphosa make clear that the state has a clear strategy to address the crisis at state-owned enterprises.