SONA not just political, but heavily economic: Analysts - SABC News - Breaking news, special reports, world,

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SONA not just political, but heavily economic: Analysts - SABC News - Breaking news, special reports, world,
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Analysts say this year's SONA will need to account for economic progress made so far.

is not just a political speech but one heavily skewed to economic matters that have the potential to affect people’s lives.

The Energy sector was a key priority area in President Ramaphosa’s SONA last year, in which he also announced his decision to create the position of a Minister of Electricity to help resolve the country’s load-shedding problems.Analysts say he’ll need to use this year’s SONA to account for the progress that’s been made so far.

Black Business Council CEO, Kganki Matabane says, “When you look at the ownership of the economy and in the running of the economy, you’ll know the employment equity commission releases a report every year, almost 70% of the CEOs of the JSE listed companies are white males. And this is 30 years into democracy. When you look at ownership of the economy, black people still own less than 5% of the economy, I don’t even want to talk about the ownership of the land and everything else.

Chief Economist at Econometrix Dr Azar Jammine says, “The private sector has just carried on regardless and this has prevented the economy from collapsing completely and one would hope to see a commitment on the part of the president to continue working with the private sector to try and incorporate.”.

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