President Cyril Ramaphosa has replied to the debate on the State of the Nation Address and has emphasised that land grabs will not be happening in the country.
President Cyril Ramaphosa stated that Eskom’s capacity will be increased through renewable energy, natural gas, hydro-power, battery storage and coal in his state of the nation address last week.
Last week Thursday during his State of the Nation, president Ramaphosa dared to dream again. This time, dreaming about a smart city in Lanseria. CNBC Africa's Karabo Letlhatlha went to find out more about the president’s dreams, a smart and 5G ready city that will be a benchmark for green infrastructure on the continent and the world over.
South African President Cyril Ramaphosa announced his plan to set up a Sovereign Wealth Fund in his State of the Nation Address last week. According to analyst this move will prove difficult considering South Africa’s gloomy budget deficit and few resources to spare. Joining CNBC Africa to give insight is Neville Chester, Portfolio Manager at Coronation Fund Managers and Victoria Barbary, Director of Strategy and Communications at the International Forum of Sovereign Wealth Funds.
Yesterday at the SONA address, President Cyril Ramaphosa spoke about the legalisation and commercial use of hemp. Joining CNBC Africa to unpack how this can be implemented is Martha Smith, a lawyer and Partner in the Life Sciences Group at Fasken and Tommy Doran, Managing Director of Eco Equity.
Yesterday’s sitting of the much anticipated State of the Nation address did not disappoint on the drama but many are reviewing key points made by Cyril Ramphosa such as private power production, the plan to establish a state bank and the crisis of unemployment. Joining CNBC Africa to unpack the SONA address is Sanisha Packirisamy, Economist at Momentum Investments, Kwena Mabotja, Africa Director for SAP Next-Gen and a Mandela-Washington Fellow and Xolisa Nqodi, Managing Director of Shesha Tuks.
President Cyril Ramaphosa’s 2020 State of the Nation Address is going to be a pivotal one with both ratings agencies, investors and the business community holding their collective breaths to see whether the President would finally implement meaningful structural reforms necessary to kick-start a stagnant economy. Joining CNBC Africa to break down these expectations is Andrew Duvenage, Managing Director, NFB Private Wealth Management and Ralph Mathekga, political analyst and Annabel Bishop, Chief Economist, Investec.
Conversations about South Africa’s economy will make headlines in the next few weeks as we have the State of the Nation Address as well as the budget speech this month. However, the challenges that lie ahead such as rating decisions, state owned entities, unemployment and corruption continues to yield South Africa’s economic prospects , so what is the way forward? Bidvest Chairman, Bonang Mohale joins CNBC Africa for more.