As President Cyril Ramaphosa’s state of the nation address approaches, it’s appropriate to reflect on what has been said before to get a sense of the expectations we would attach to this address.

When Ramaphosa spoke 12 months ago, there was a sense that the country had reached a decisive moment. Ramaphoria was long a thing of the past and morale had suffered a big dent due to the Eskom power cuts late in 2019. The nation was bracing itself to lose its last remaining investment-grade rating from Moody's Investors Service. And that was before Covid-19 hit the economy and sent it into a recession that nobody listening to Ramaphosa in 2020 would have imagined possible...

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