Business Unity South Africa has praised President Cyril Ramaphosa’s State of the Nation Address for prioritising economic growth and fighting corruption that has dogged government and state-owned entities.
The president delivered the address, which focused heavily on plans to grow the economy, on Thursday evening to a joint sitting of both houses of Parliament.
Ramaphosa, as had been anticipated, announced plans to split state-owned power utility Eskom into three separate entities in an effort to improve its finances. He also said government would step in to support Eskom’s balance sheet, but did not provide details.
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