SONA likely to be a damp squib for investors
In the past, President Jacob Zuma’s State of the Nation speech has never been a market-moving event, but when he steps up to the podium tonight, he will be facing a crisis of confidence that needs to be addressed. That makes this one of the most anticipated SONA addresses from the President, as many investors will look to the speech to gauge the political and economic future of the country, and whether a credit rating downgrade can be averted.