What JZ said about the economy (you can bet ratings agencies listened carefully)

The economy took up a large share of President Jacob Zuma’s State of the Nation Address.

This is important in the context of very low growth and the threat of a downgrade by credit rating agencies.

Scroll down for quotes from the audio below.

When the economy grows fast, it delivers jobs and wages, and the tax base expands.

President Jacob Zuma

Emerging market currencies have become weak.

President Jacob Zuma

The prices of minerals we sell to the world have fallen.

President Jacob Zuma

The economies of two of our Brics partners – Brazil and Russia – will contract this year.

President Jacob Zuma

Domestic factors such as electricity restraints and labour relations are also affecting the economy.

President Jacob Zuma

The economy will grow by less than 1% this year.

President Jacob Zuma

South Africa is at risk of losing our investment grade by ratings agencies.

President Jacob Zuma

The situation requires a turnaround plan from us.

President Jacob Zuma

We must continue to market the country as a preferred investment destination.

President Jacob Zuma

If there are disagreements between Government, Business and Labour, we must solve them.

President Jacob Zuma

We’ve heard suggestions from Business for turning the economy around.

President Jacob Zuma

We’ve established an inter-ministerial committee on investment promotion.

President Jacob Zuma

Many of our state owned enterprises are performing well.

President Jacob Zuma

Eskom, despite challenges, is keeping the economy going.

President Jacob Zuma

We must take advantage of the exchange rate as well as the recent changes in visa regulations to boost inbound tourism.

President Jacob Zuma

We have heard complaints from companies regarding the difficulty of obtaining visas for skilled foreign workers.

President Jacob Zuma

We’ve heard appeals for policy certainty in the mining industry.

President Jacob Zuma

We undertake to cut wasteful expenditure.

President Jacob Zuma

Overseas trips will be curtailed.

President Jacob Zuma

The matter of two capitals - Cape Town and Pretoria - requires the attention of Parliament soon. The cost is too big.

President Jacob Zuma

We will only procure nuclear on a scale and pace that our country can afford.

President Jacob Zuma

A national minimum wage must be implemented in a way that won’t negatively affect job creation.

President Jacob Zuma

Retrenchments should not be the first resort when businesses face difficulties.

President Jacob Zuma

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : What JZ said about the economy (you can bet ratings agencies listened carefully)


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to overcome the fear of failure (and other tips from a serial entrepreneur)

How to overcome the fear of failure (and other tips from a serial entrepreneur)

Nic Haralambous knows a thing or three about starting a small business with almost no money. He offers this advice…

Meet Keith Kirsten, guru of gardening and world-renowned horticulturist

Meet Keith Kirsten, guru of gardening and world-renowned horticulturist

Bruce Whitfield interviews Kirsten about his 30-year-long career and his new franchise concept, Keith Kirsten Garden Centre.

Cautious optimism, rand resilience ahead of Sona 2016

Cautious optimism, rand resilience ahead of Sona 2016

Bruce Whitfield, reporting from Parliament, perceives a sense of cautious optimism, pointing to the rand’s surprising resilience.

How the rand reacted to the 2016 State of the Nation Address

How the rand reacted to the 2016 State of the Nation Address

We took a market snapshot right before and right after President Jacob Zuma delivered his speech. Here's how the rand behaved...

How will Zuma restore confidence in the economy (and mend fences with SA Inc.)?

How will Zuma restore confidence in the economy (and mend fences with SA Inc.)?

As President Jacob Zuma prepares to deliver his State of the Nation Address, analysts warn he has his work cut out for him.

Auschwitz concentration camp liberated on this day (27 January) in 1945

Auschwitz concentration camp liberated on this day (27 January) in 1945

The Red Army liberated Auschwitz - Nazi Germany’s largest concentration camp – on this day, 72 years ago.

Popular articles
Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

France exploring ways to assist City of Cape Town with water crisis

France exploring ways to assist City of Cape Town with water crisis

Xanthea Limberg says no formal agreement has been reached but it looks forward to talks and learning more from France.

'ANC may split if Dlamini-Zuma is elected leader'

'ANC may split if Dlamini-Zuma is elected leader'

Political analyst Dr Somadoda Fikeni sat down with Ray White to discuss the future of the ANC.

'This puts pressure on Jacob Zuma to vacate office earlier'

'This puts pressure on Jacob Zuma to vacate office earlier'

The Money Show’s Bruce Whitfield interviews Daniel Silke, Political Economy Analyst at Political Futures Consultancy.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.