JOHANNESBURG - As President Cyril Ramaphosa prepares to deliver the State of the Nation Address (SONA), the founder of the disruptive asset manager 10X Investments, Steven Nathan, said on Wednesday what he would like to see from the President was a "crisis plan".
"He should be in crisis mode. The country is in crisis. Things are getting worse, fast. Our finances are getting worse, look at the tax receipts. The liabilities of Eskom are in the hundreds of billions of rand. We need a crisis response," Nathan said.
"We all hoped for radical action after the election, but it feels like there is still a lot of electioneering and not much action at all yet. I hope Thursday’s speech will begin to remedy that."
Ramaphosa will on Thursday deliver the SONA following the constitution of the sixth democratic parliament after getting a fresh mandate during the May 8 general election.
The Presidency said on Tuesday that Ramaphosa met with members of the Eskom board and will announce further measures to support efforts for the recovery and financial and operational sustainability of the cash-strapped power utility.