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'Ramaphosa gave some fairly detailed proposals but implementation is key'

14 February 2020 8:13 AM
Tags:
Cyril Ramaphosa
Business
#Sona2020
reaction

Busa vice-president Martin Kingston and Sygnia CEO Magda Wierzycka weigh in on the president's #SONA2020.

In his State of the Nation Address on Thursday, President Cyril Ramaphosa made some pronouncements on how to take the country forward.

Ramaphosa admitted that government was not generating enough revenue to meet its expenses and that its debt was heading towards unsustainable levels.

RELATED: 'EFF succeeded last night and that was a loss for ANC and Cyril Ramaphosa'

He told Parliament that a sovereign wealth fund would be established to preserve and grow the national endowment of the nation.

RELATED: #SONA2020: On Eskom, SAA, land distribution, the NHI and dagga

Bongani Bingwa chats to Business Unity South Africa vice-president Martin Kingston and Sygnia chief executive officer Magda Wierzycka to give their reaction to Ramaphosa's speech.

We think the Sona was an honest assessment bearing in mind the difficult circumstances. It was derailed at the beginning by the behaviour of the Economic Freedom Fighters which I think put us all on edge.

Martin Kingston, Vice-president - Busa

Wierzycka says the speech provided a nice blueprint for what needs to be done in South Africa.

The speech had some fairly detailed proposals which will go down very well but the key is in the implementation.

Magda Wierzycka, CEO - Sygnia

Listen below to the full conversation:


14 February 2020 8:13 AM
Tags:
Cyril Ramaphosa
Business
#Sona2020
reaction

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