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SOUTH AFRICA: President Ramaphosa To Respond To SONA Debate

SOUTH AFRICA
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  • President Cyril Ramaphosa returns to parliament to reply to the two-day debate on his State of the Nation Address (SONA) and will speak from 12:00GMT/14:00SAST. The Daily Maverick circulated a summary of the debate, noting that tensions within the Government of National Unity (GNU) appear to be rife, while coalition members seem to be at a loss about the future of the National Health Insurance (NHI) bill, amid inconsistent messaging on this and other issues. Although it had appeared that the African National Congress (ANC) and Democratic Alliance (DA) managed to strike a tentative agreement on how to proceed with the NHI, Health Minister Aaron Motsoaledi said there would be no changes in how it is implemented under the government's Medium-Term Development Plan.
  • PwC said that the upcoming Budget Speech will be an opportunity for South Africa to showcase its commitment to ensure fiscal stability to credit rating agencies, which could result in "actual [rating] upgrades in the next 12 to 18 months." Finance Minister Enoch Godongwana will deliver the Budget Speech on February 19.
  • South Africa will report December mining output data at 09:30GMT/11:30SAST.
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  • President Cyril Ramaphosa returns to parliament to reply to the two-day debate on his State of the Nation Address (SONA) and will speak from 12:00GMT/14:00SAST. The Daily Maverick circulated a summary of the debate, noting that tensions within the Government of National Unity (GNU) appear to be rife, while coalition members seem to be at a loss about the future of the National Health Insurance (NHI) bill, amid inconsistent messaging on this and other issues. Although it had appeared that the African National Congress (ANC) and Democratic Alliance (DA) managed to strike a tentative agreement on how to proceed with the NHI, Health Minister Aaron Motsoaledi said there would be no changes in how it is implemented under the government's Medium-Term Development Plan.
  • PwC said that the upcoming Budget Speech will be an opportunity for South Africa to showcase its commitment to ensure fiscal stability to credit rating agencies, which could result in "actual [rating] upgrades in the next 12 to 18 months." Finance Minister Enoch Godongwana will deliver the Budget Speech on February 19.
  • South Africa will report December mining output data at 09:30GMT/11:30SAST.