SABC News - Zuma expected to restore investor confidence:Thursday 11 February 2016

Zuma expected to restore investor confidence

Thursday 11 February 2016 13:27


President Jacob Zuma is expected to announce a plan to avoid another ratings downgrade.

President Jacob Zuma is expected to announce a plan to avoid another ratings downgrade.(SABC)

Economists argue that in order to restore investor confidence, President Jacob Zuma will have to re-assure sceptical investors in his State of the Nation Address (SONA), that the African National Congress (ANC) led government has a rescue plan for the ailing economy.  

On Tuesday, business leaders presented the President with a plan to avert another sovereign ratings downgrade that could lead to a long term economic decline.

Already predictions are that South Africa's Gross Domestic Product does not have the potential to grow beyond 2% over the next three years.  

“I think we have to do enough to avoid a downgrade because the consequence of a downgrade would be expensive for all South Africans, secondly together with government trying to understand what the impediments to growth and job creation are,” says Nedbank Group Chief Executive Officer Mike Brown.

The SABC will be broadcasting the SONA 2016 live from 16:00 on the SABC News channel on DSTV 404 and from 18:00 on SABC 2. Shows like Question Time, Sports Live and On the Record will be affected.

Four Radio Current Affairs teams – Lesedi, Lotus, SAfm and Ukhozi – will be broadcasting live from Parliament in Cape Town
ahead of President Jacob Zuma’s State of the Nation Address. The annual speech will also be broadcast live on all SABC Public Radio Stations from 19:00 onwards.

SABC Digital News is also providing extensive coverage of this year's State of the Nation address. This includes livestreams on the SABC News YouTube channel, a live blog, social media as well as multimedia.

In addition, the Digital News  team at Parliament will keep South Africans up-to-date with the latest news as it happens and SABC Digital News Specialist, Siyabonga Africa, will share SONA social media trends and insights on the SABC News 24 hour channel on DStv channel 404 from 2pm.

Follow SABC Digital News SONA coverage on the following platforms:

• Live blog and news updates:
• Twitter: @sabcnewsonline
• Facebook:
• YouTube Channel:

Click below for more on Sona:

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