Sona 2020 long on promises, short on detail, says Fitch
The ratings agency says little was said at the state of the nation address on key issues such as energy, public finances and land reform
President Cyril Ramaphosa’s state of the nation address (Sona) promised progress, but offered little detail on key policy areas such as energy, public finances, and land reform, credit ratings agency Fitch said on Friday.
The agency, which already rates SA government debt as junk, has had SA on a negative ratings outlook since July last year due to SA’s fiscal challenges and rising debt to GDP levels, as well the risks to the country’s already weak economic growth prospects. ..