Zuma must restore confidence in SA through the SoNA – Sacci
The upcoming State of the Nation Address (SoNA) provided a platform for President Jacob Zuma to restore domestic and international business confidence, South African Chamber of Commerce and Industry (Sacci) CEO Neren Rau said on Wednesday.
He emphasised that improved business and investor confidence, which remained strained, was critical for economic growth.
The organisation last week reported that its Business Confidence Index (BCI) improved only marginally from 93 points in December to 94 points in January 2013 – 3.1 points lower than in January 2012.
Ongoing labour protests, intervention in the economy by the State and policy uncertainty weighed heavily on business confidence.
“We hope that the SoNA 2013 is underpinned by themes of promoting business confidence, a reduction in state intervention in the economy and a commitment to greater policy certainty,” Rau stated.
He added that reassurance on South Africa’s economic stability and the management of government expenditure was required.
Further, challenges such as illegal protests – which called for a strong insistance that labour exercise their right to strike in a disciplined and legal manner – and problematic mining legislation, needed to be dealt with.
The organisation also echoed Business Unity South Africa’s call earlier this week for the implementation of the National Development Plan (NDP) and the government’s infrastructure programmes.
The Presidency earlier confirmed that Zuma's SoNA would focus on the NDP, particularly the progress made in the rapid implementation of the New Growth Path – the economic strategy within the NDP.
“In SoNA 2013, the President will provide an update on all key programmatic areas, especially the five priorities – education, health, creating decent work, the fight against crime, as well as rural development and land reform," the Presidency said in a statement.
Zuma would deliver the SoNA on Thursday evening.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation