Reading the signs - what SONA may mean for investors?
South Africans were watching closely as newly-elected President, Cyril Ramaphosa delivered his first State of the Nation Address (SONA) last night.
In a confidence lifting speech, the president focused extensively on the need to create jobs, improve governance and achieve social transformation.
He announced that Government would hold a series of economic summits, including a jobs and an investment summit within the next few months. These summits will be tasked with identifying practical measures that can be implemented to lift economic growth sustainably.
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Overall, the specific points the president chose to emphasise in the speech together with the tone and the style of delivery should help improve investor, consumer and business confidence. |
