Two-thirds of South Africans believe that corruption has increased in the past year, and half (49%) believe that it has “increased a lot.” Furthermore, a survey shows that people not only think that corruption has gotten worse under Ramaphosa, but also recognize that a large part of the elected officials and civil servants, who should be fighting corruption, are involved in corrupt activities themselves.
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South Africans don’t fall for Ramaphosa’s Act – 82% say Corruption is Same or Worse Under Cyril!
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SONA: Ticked, next-up: Budget – tick tock…
By all accounts President Ramaphosa’s first address to the nation was a roaring success.
All eyes now shift to the 2018 Budget Speech set for Wednesday at 14:00. The rand’s reaction to SONA was muted, with markets waiting to see Wednesday’s balancing act. National Treasury’s focus will be on how to confront the ballooning budget deficit and government debt, amongst many other issues (with the short term goal being to avoid yet another credit rating downgrade).
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