https://www.engineeringnews.co.za
Business|Financial|Health|Mining|Power|SECURITY|Sustainable
Business|Financial|Health|Mining|Power|SECURITY|Sustainable
business|financial|health|mining|power|security|sustainable

Investec says Sona focused on reviving growth with enhanced policy certainty

President Cyril Ramaphosa

President Cyril Ramaphosa

8th February 2019

By: African News Agency

  

Font size: - +

Investec economist Kamilla Kaplan said on Friday that President Cyril Ramaphosa's State of the Nation address (Sona) reaffirmed the key economic policy objective of reviving fixed investment rates in a bid to place the economy on a sustainable faster economic growth path.

Ramaphosa's Thursday night Sona focused more on economic growth interventions which will include strengthening capacity of State-owned enterprises and fixing policy uncertainty and inconsistency.

Ramaphosa said these interventions will focus on addressing policy uncertainty in mining sector regulation, competition, the visa regime, the allocation of broadband spectrum, and the submission of the National Health Insurance Bill to Parliament.

Kaplan said that restoring confidence through improved legislative and regulatory clarity and enhancing the ease of doing business was integral to a recovery in fixed investment by the private sector. 

"However, uncertainty relating to property rights is likely to persist for now," Kaplan said.

"Although the President reiterated that the land reform programme would be accelerated, and the intention remains for agricultural output to be increased and food security protected, the methodology of land expropriation without compensation was not detailed."

Ramaphosa also announced the unbundling of Eskom into three units -- generation, transmission and distribution -- in a bid to shore up the weak financial position of the debt-ridden power utility. 

Edited by African News Agency

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 5 hours ago By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.079 0.136s - 182pq - 4rq
Subscribe Now