Will Ramaphosa unpack the stimulus package during Sona?

What happened to the stimulus package announced by President Cyril Ramaphosa?

The president will deliver the State of the Nation Address (Sona) on Thursday.

In September 2018, Ramaphosa announced an economic stimulus package which contained five measures to help grow the economy.

Some of the commitments included investment in municipal infrastructure, education and health services.

Clement Manyathela speaks to Nedbank chief economist Dennis Dykes on the progress regarding the implementation.

READ: 'Economic stimulus package is encouraging but falls short on detail'

In September 2018 there was a commitment to invest in municipal infrastructure. They announced an infrastructure megafund of R4bn.

Dennis Dykes, Chief economist - Nedbank

ALSO READ: Ramaphosa announces details on SA's economic stimulus package

There has been so many announcements but so little progress.

Dennis Dykes, Chief economist - Nedbank

I think the difficulty is that taxation revenue is under pressure and expenditure demands are actually increasing so it becomes very difficult from a fiscal point of view to actually introduce stimulus.

Dennis Dykes, Chief economist - Nedbank

Dykes says there are things included in the stimulus that can be done quickly and easily.

Listen to the full interview below...


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 'Economic stimulus package is encouraging but falls short on detail'

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Chief Economist at Nedbank Dennis Dykes gives his take on President Cyril Ramaphosa's announcement.

Ramaphosa announces details on SA's economic stimulus package

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The President made the announcement at a briefing in Pretoria on Friday.

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A stimulus package is a package of economic measures put together by a government to stimulate a struggling economy.

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