Though President Jacob Zuma’s state of the nation address takes place at 7pm, two hours after the JSE’s close, Thursday is still likely to be a tense day for the JSE.It is now a fixed South African tradition for student protestors to skirmish with riot police outside of parliament and for the EFF to heckle Zuma until they get expelled by security inside parliament during the annual speech."A state of the nation address is a piece of political and state theatre with a (long) speech that is written mainly by individual civil servants in individual departments and then put together by the Presidency. It is normally high on promise and low on specifics with low eventual implementation," Nomura economist Peter Attard Montalto wrote in a research note on Tuesday.Statistics SA is scheduled to release December’s mining production and sales at 11.30am and manufacturing production and sales at 1pm.Investec Bank economist Kamilla Kaplan forecast November’s 4.2% decline in mining output will ha...
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