Streaming issues? Report here
Clement Manyathela BW 1000 x 1000 CapeTalk
The Midday Report with Clement Manyathela
12:00 - 13:00
volume_up
volume_mute

Up Next: Lunch with Pippa Hudson
See full line-up
The Midday Report with Clement Manyathela
12:00 - 13:00
Home
arrow_forward
Politics

'If Ramaphosa doesn't address structural reforms, Sona will be waste of time'

13 February 2020 2:12 PM
Tags:
Cosatu
Business Leadership SA
President Cyril Ramaphosa
#Sona2020
BLSA chief Busisiwe Mavuso says SA is living with a deep economic lie; Cosatu counters that business itself must do more.

President Cyril Ramaphosa is expected to address critical issues tripping up South Africa during his State of the Nation address tonight, including job creation, inclusive growth and the public wage bill.

Business Leadership South Africa (BLSA) CEO, Busisiwe Mavuso, says Sona this year must be seen in the context of a threatened downgrade by ratings agency Moody's.

RELATED: Don't be swayed by Ramaphosa critics who've created narrative of inaction - Diko

She's hoping the president will speak to attracting investors to South Africa.

The biggest problem we are going to be solving as a country is that of low growth so we have to have interventions towards fiscal consolidation; we have to have interventions around fixing our state-owned enterprises, and definitely about dealing with the public service wage bill.

Busisiwe Mavuso, CEO - Business Leadership South Africa

Unless and until we talk to that, unfortunately this State of the Nation Address is going to be a waste of time.

Busisiwe Mavuso, CEO - Business Leadership South Africa

Irrespective of whether Moody's keeps us at investment grade or they downgrade the country to junk status, the key thing we're going to have be conversant about is the fact that we are facing a deep economic lie as a country - We're sitting with unprecedented numbers of unemployment, of youth unemployment and of poverty.

Busisiwe Mavuso, CEO - Business Leadership South Africa

We've been talking about structural reforms for the past two years... This Sona ought to give strong signalling towards where we want to go as a country.

Busisiwe Mavuso, CEO - Business Leadership South Africa

Clement Manyathela also speaks to Cosatu's parliamentary deputy co-ordinator about the trade union federation's expectations ahead of Sona tonight.

Like Mavuso, he emphasizes the staggering unemployment rate which needs to be addressed.

But Parks says it's not good enough for business to "pontificate" - they need to put their money where their mouth is.

We need to see them [business] leading the investment drive. That's the only way we can grow the economy.

Matthew Parks, Parliamentary deputy co-ordinator - Cosatu

It can't be just the president working, and a few ministers. Others must also come to the party.

Matthew Parks, Parliamentary deputy co-ordinator - Cosatu

Parks also gives an update on Cosatu's controversial Eskom pensions rescue plan.

We're still engaged in negotiations between labour, between business, between government and community... but it's received very positive responses, not just from government but other labour federations and also from Business Unity SA, which I think agrees with us in principle.

Matthew Parks, Parliamentary deputy co-ordinator - Cosatu

Listen to the conversations on The Midday Report:


13 February 2020 2:12 PM
Tags:
Cosatu
Business Leadership SA
President Cyril Ramaphosa
#Sona2020

More from Politics

150609NeilAggett.jpg

Neil Aggett inquest: 'We've begun to find our way closer to the truth'

23 February 2020 11:02 AM

As the fresh inquest enters its final week of testimony, Moray Hathorn (Aggett family attorney) discusses what lies ahead.

Share this:
Read More arrow_forward

jacob-zuma-or-tambo-ewnjpg

Zuma returns from Cuba, addresses 'hundreds' of supporters

22 February 2020 2:05 PM

Former president Jacob Zuma arrived at OR Tambo International where supporters waited to give him a hero's welcome.

Share this:
Read More arrow_forward

Zumastatecapture 2347

Jacob Zuma supporter? Carl Niehaus wants you at OR Tambo on Saturday

21 February 2020 1:10 PM

Jacob Zuma is coming back! "He has responded positively to treatment and has been discharged from hospital," says Niehaus.

Share this:
Read More arrow_forward

Boy Mamabolo

ANC MP Boy Mamabolo apologises to Malema and wife for 'insensitive' abuse claims

21 February 2020 12:10 PM

The ANC MP who accused Julius Malema of abusing his wife Mantoa apologised to the EFF leader in the early hours of Friday morning.

Share this:
Read More arrow_forward

Refilwe Moloto behind the mic

'It's BS! Don't stand there apologising to one another, men. Apologise to us!'

21 February 2020 9:55 AM

CapeTalk breakfast host Refilwe Moloto feels very strongly that Ramaphosa should apologise to Malema's wife Mantwa, not to Malema.

Share this:
Read More arrow_forward

200221-winde-sopa-edjpg

Keep the bad guys locked up! – Premier Alan Winde on the State of the Province

21 February 2020 9:15 AM

Refilwe Moloto interviews Western Cape Premier Alan Winde about his Address (Sopa), delivered in Mitchells Plain on Thursday.

Share this:
Read More arrow_forward

Milnerton-Lagoon-Pollution-sign

Milnerton Lagoon: National pressure group steps in to clear muddy waters

21 February 2020 8:19 AM

Organisation Undoing Tax Abuse is engaging with the City of Cape Town after having found high E. coli levels in the water tested.

Share this:
Read More arrow_forward

dudu myeni

Myeni finally appears in court, denies Zuma role in SAA board chair appointment

20 February 2020 1:47 PM

Former SAA board chair Dudu Myeni testifies in her delinquincy case that she heard about Zuma's alleged role via media reports.

Share this:
Read More arrow_forward

Julius Malema Sona 2020

[WATCH] Justice Minister Lamola lambastes Malema as power-hungry authoritarian

20 February 2020 10:17 AM

Ronald Lamola spoke in Parliament on Wednesday during the post-Sona debates and took aim at EFF's leader Julius Malema.

Share this:
Read More arrow_forward

MashabaInAlex0700

'Watch this space!' Mashaba set to bust corruption with private prosecution team

19 February 2020 2:52 PM

Herman Mashaba (People's Dialogue founder and former Joburg mayor) outlines his plans to take on the NPA over unprosecuted cases.

Share this:
Read More arrow_forward