Economists Urge Ramaphosa to Take More Bold Decisions on Reform

LOCAL NEWS

• Economists urge Rampahosa to take more bold decisions to save the economy ahead of tomorrow’s state of the nation address with his Cabinet being criticized for sitting on the fence.
  • They note that so far, many of his promises on the economy have been hollow and marred by a focus on political infighting – calling for greater private sector inclusion, a reinvigorated cabinet and key decisions on labour market and SOE reforms
• Wits Professor says Ramaphosa may use a basic income grant to shore up his support ahead of the 2024 elections. Says although this may weaken fiscal credibility it may be almost unavoidable for Ramaphosa amid historically weak ANC support
• Business groups call on Govt to expedite implementation of the Zondo report’s recommendations ahead of Ramaphosa’s SONA address.
  • This will send a message to investors that SA has the will and capacity to uphold the rule of law and reduce corruption
• Telkom case against ICASA set for Mid-April (11-14) and is expected to delay the rollout of spectrum which was scheduled for March.