ECONOMY
HILARY JOFFE: Budget needs to align with goals in new leadership’s economic vision
The party atmosphere at President Cyril Ramaphosa’s first state of the nation address on Friday night was different; so too was the fluent delivery of the speech by a man who so clearly understands and cares about the issues, and received a standing ovation from all parties. On its own all of that will have sent good signals to investors and ratings agencies. But so too should the content of the speech, which, in its own way, was a crucial piece of economic policy and one that will frame this week’s budget speech. That the economics of the state of the nation address were new and different is not immediately obvious. Amid the euphoria there were the sceptics who carped that there were no details nor much new in the speech other than the various summits, commissions, conferences and committees Ramaphosa plans to put in place. There’s some truth in that: there were few policy measures that hadn’t already been announced and there was no laundry list of projects and policies of the type...
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