Economists give thumbs up to Ramaphosa’s economic vision


Economists have generally welcomed President Cyril Ramaphosa’s State Of the Nation Address (SONA). They have cited continued focus on structural reforms and economic stability.

However some have expressed concerns on the implementation and effectiveness of the proposed plans to tackle South Africa’s deep-seated challenges.

Economist Annabel Bishop has highlighted the importance of reforms implemented under Operation Vulindlela.

“The virtuous cycle that’s expected from the South African Economy and that’s really one that happens on expansion on potential economic growth. Therefore, heavy infrastructure build is expected to inflate growth over the medium term to about 3,5% which is what we expect. Of course the SONA focused on a large number of successes already achieved from increasing rail traffic for freight and passengers, bringing an end to load shedding and improving port performance and creating 2,5 million job opportunities.”

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