IFP not happy with Zuma’s speech

Comment on this story


iol news pic GCIS Zuma Sona

GCIS

President Jacob Zuma delivers his fifth State of the Nation address to Parliament. Photo by: Elmond Jiyane/GCIS

Cape Town - The Inkatha Freedom Party was not satisfied with President Jacob Zuma's State of the Nation address because it lacked clarity, party leader Mangosuthu Buthelezi said on Tuesday night.

“No, I was not satisfied,” he said after Zuma's address at Parliament.

“He said the right things but he disclosed that economic growth is very low.”

Buthelezi said Zuma had suggested that South Africa was not conducive to foreign investment because of corruption and crime.

“Things are going down. We have been downgraded. There is no prospect in future of getting better,” he said.

Buthelezi was referring to decisions by ratings agencies last week to downgrade South Africa's outlook.

The Fitch ratings agency revised the country's outlook from stable to negative, while Standard and Poor's lowered South Africa's long-term foreign currency credit rating by one notch, to BBB- from BBB.

Sapa


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks

Business Directory