Fitch says SONA was not enough for investors concerns
JOHANNESBURG – Ratings agency Fitch cautiously welcomed President Cyril Ramaphosa’s State of the Nation Address (SONA) on Friday but warned that it did not go enough to address investor concerns.
Fitch said the speech touched on a broad range of domestic concerns and went on to address electricity supply concerns, it was short on detail.
“The difficulty of addressing competing priorities of reducing inequality, raising growth, improving public finances and containing populism and in-fighting within the African
National Congress will continue to limit the government’s ability to take more decisive steps to accelerate growth,” Fitch said.
National Congress will continue to limit the government’s ability to take more decisive steps to accelerate growth,” Fitch said.
Source: iol.co.za
