WATCH: Economy is buzzword of Zuma's SONA - minister | Fin24
In partnership with
  • Another VAT hike?

    Absa warns that govt may again announce an increase in value added tax in next month's Budget.

  • SA Revenue Service

    The tax agency says a unit that tackles illicit financial flows has recovered R2.6bn since April 2019.

  • State Capture Inquiry

    Former Eskom chairperson Zola Tsotsi says Tony Gupta threatened to have him removed.


WATCH: Economy is buzzword of Zuma's SONA - minister

Feb 11 2016 17:42
Matthew Le Cordeur

Cape Town - The economy is the buzz word of President Jacob Zuma's State of the Nation Address, Sports Minister Fikile Mbalula said at parliament on Thursday.

"The economy, growth, how we are going to create jobs and how we are going to respond to the question on unemployment in the country... that is what most South Africans want to hear from their government - what are they going to do make their lives better."

He dismissed the protests outside Parliament as nothing threatening, saying we live in a democratic country. "If people feel aggrieved... they have the right to protest."

On the EFF's threat to disrupt parliament, he said "nothing is going to stop Zuma from finishing his speech here today".

Zuma delivers his SONA to the National Assembly on Thursday night amid mounting public discontent over his leadership and pressure to restore confidence in a weak economy.

Business leaders were spurred into action in December after Zuma fired the respected finance minister Nhlanhla Nene and replaced him with unknown ANC MP David van Rooyen, sending the rand, stocks and debt plunging.

Zuma has since reappointed the respected Pravin Gordhan who headed the portfolio from 2009 to 2014.

Moody’s Investors Service cut the outlook on South Africa’s Baa2 credit rating, the second-lowest investment grade, to negative in December and fears now persist that South Africa's sovereign credit may be downgraded to junk status.



Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote