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Ramaphosa's SONA In Focus: 5 Things to Monitor

SOUTH AFRICA

STATE OF THE NATION ADDRESS (SONA)

  • Ramaphosa will deliver his annual SONA address today at 1700GMT, and analysts are expecting little progress on prior development objectives amid difficulties within the ANC as the factional split becomes more pronounced over Zuma and Magashule.
  • concerns that Ramaphosa has also failed to follow through on the R500bn relief plan announced in April and many other objectives will cloud the announcement.
  • Markets will be looking for a statement with concrete signs of implementation rather than new pie in the sky dreams, and are likely to be disappointed.
  • Focal points will be 1) the vaccine rollout 2) plans to revive the economy 3) Measures to address electricity shortages 4) Plans for SAA 5) the auction of broadband spectrum.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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