DStv Channel 403 Monday, 04 November 2024

SONA 2023 | Target of R2-trillion investment by 2028

JOHANNESBURG - President Cyril Ramaphosa plans to woo more investors to South Africa.

That's despite the crippling energy crisis.

READ: SONA 2023 | Eskom to study disaster declaration

KPMG Lead Economist Frank Blackmore says the reaction of many people to the State of Disaster is warranted.

He says the inaction by the government in charge has led to the crisis.

"We're not being hit by a sudden flood that we didn't see," he said.

READ: State of disaster | SAFTU confused over government’s decision

"The government that's now in charge, the inaction by that government led to a lot of the crises that we're currently facing.

"I think what the people wanted generally was more accountability perhaps and more transparency on the issues and how this will be dealt with," he said.

"What we get with the National State of Disaster is exactly the opposite. We get a great concentration of power within the government and less accountability."

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