Treasury hails SONA as 'credit positive' as opposition MPs slam lack of specifics

fin24.com

- fin24.com | 3 months ago

National Treasury director general Dondo Mogajane has said that President Cyril Ramaphosa's State of the Nation address on Thursday evening in Cape Town as "direct, relevant and looks to be credit positive".

Opposition members of Parliament, meanwhile, criticised the speech for lacking specifics, appearing to retread policies that had already been announced, and announcing more money for struggling power utility Eskom.   Mogajane told Fin24 that Ramaphosa's speech, to a joint sitting of both houses of Parliament, was forthright about the challenges facing the South African economy.

His initiatives should be given a chance to make an impact, he said.

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