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IFP not happy with Zuma’s speech

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.

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

“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

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