• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, October 6, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Africa

Ramaphosa To Deliver State Of The Nation Address

Comfort Ampomaaby Comfort Ampomaa
February 9, 2023
Reading Time: 4 mins read
Add as Preferred on Google
Cyril Ramaphosa, President of South Africa.

Cyril Ramaphosa, President of South Africa.

South African President, Cyril Ramaphosa will deliver his State of the Nation Address today, February 9, 2023.

Ramaphosa is under intense pressure to convince the country and assure citizens that his government is addressing the nation’s dire electricity crisis and bleak economic outlook in his speech.

The President will deliver his annual speech from 7pm (17:00 GMT) before legislators, judges and Cabinet Ministers.

Ramaphosa will open a new session of Parliament in Cape Town as South Africa, the continent’s most developed economy, is faced with prolonged power cuts and high unemployment levels.

ADVERTISEMENT

South Africans are forlorn at the state of a country battered by a stagnant economy, mounting crime, high unemployment rates, worsening inflation and water and electricity shortages.

The list of grievances is topped by the electricity crisis, which has forced the country’s 60 million people to endure up outages of up to 12 hours a day.

The high cost of food and fuel has also been cited as a major driver of the rising cost of living for the country’s Black majority.

South Africa has also seen widespread demonstrations by poor communities who charge the government has failed to deliver basic services like water, sanitation and housing.

The power blackouts have added to South Africa’s mounting economic woes, which include an unemployment rate of more than 30% including the loss of an estimated 2 million jobs during the COVID-19 pandemic.

ADVERTISEMENT

The South African economy is currently losing more than $56 million daily due to the ongoing power blackouts, Energy Minister, Gwede Mantashe, divulged at a mining conference in Cape Town this week.

 Rolling power cuts of up to 8 hours per day are hitting homes, factories and businesses across the nation of 60 million.

The country’s power utility, Eskom is unable to produce adequate power due to frequent breakdowns at its aging coal-fired power stations and years of corruption.

ADVERTISEMENT

Opposition party, Democratic Alliance leader, John Steenhuisen has disclosed that he does not expect much from Ramaphosa’s speech.

d6db6eb25cb246828b183d2e0e35561a
John Steenhuisen, Democratic Alliance leader

Delivering his party’s alternative state of the nation address earlier this week, Steenhuisen opined that “Nothing that President Ramaphosa says on Thursday will change this reality.”

“In fact, Ramaphosa is the one who has taken us down this path of failure over the last five wasted years, during which time this country has rapidly gone backwards on every conceivable metric.”

John Steenhuisen, Democratic Alliance leader

Meanwhile, the leftist opposition party, Economic Freedom Fighters has threatened to disrupt Ramaphosa’s address.

Cabinet To Be Reshuffled

Ramaphosa’s address comes ahead of an expected cabinet reshuffle following the resignation of Deputy President, David Mabuza and changes in the leadership of the ruling African National Congress party.

Ramaphosa is expected to appoint newly-elected ANC Deputy President, Paul Mashatile to replace Mabuza.

Ramaphosa, 70, came into office five years ago as a reformer promising a “new dawn” after the graft and scandal stained tenure of former President Jacob Zuma.

However, the record outages, which are wreaking havoc on the economy which is now expected to grow by a dismal 0.3 percent this year from 2.5 percent last year, have dented his reputation.

A government Minister estimated earlier this week that the power cuts are costing the economy a billion rand a day.

The current crisis is fading President Cyril Ramaphosa’s chances of securing a second term after next year’s elections.

Ann Bernstein of the Centre for Development and Enterprise, a South African think-tank’s iterated, “sadly, the notion of the current president as a reformer is no longer credible, in fact it is a mirage.”

In last year’s State of the Nation’s address, Ramaphosa promised that Eskom, the state electricity utility, would be “unbundled” by end of 2022, sadly, that is yet to happen.

READ ALSO: Nigeria: Attorney General Asks Supreme Court To Dismiss Lawsuit

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Cyril RamaphosaSouth AfricaState of the nation address
Please login to join discussion
Previous Post

DDEP : IBF Discloses Individual Bondholder’s Portfolio Analysis, Urge Government To Focus On Fiscal Readjustment

Next Post

I Would Love To Work With Akuapem Poloo Again – Yvonne Nelson

Related Posts

Illicit pharmaceuticals
Africa

Medical Product Trafficking Threatens Health and Security in Central Africa – UNODC

October 6, 2026
Bundibugyo Ebola Virus
Africa

Kenya Confirms First Ebola Case

October 6, 2026
A military helicopter
Africa

Nigerian Military Helicopter With 32 Aboard Crashes

October 5, 2026
Ethiopia and Eritrea
Africa

Ethiopia, Eritrea Cut Diplomatic Ties Amid Escalating Northern Conflict

October 2, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Foreign Affairs Minister Samuel Okudzeto Ablakwa in talks with India's External Affairs Minister, Dr Subrahmanyam Jaishankar, in Accra during the Indian minister's two-day official visit. Ablakwa announced during the visit that cabinet has approved Ghana's application to join BRICS. Photo: Ministry of Foreign Affairs

Cabinet Approves Ghana’s BRICS Bid, Ablakwa Says, Citing Trade With India

October 6, 2026
Professor Aaron Mike Oqauye

Prof. Mike Oquaye Urges Constitutional Reforms on Minerals

October 6, 2026
Ghana Records 25m Credit Enquiries Amid Lending Shift

Bank Fraud Units Get New Powers Under New BoG Directive

October 6, 2026
trump 1

Trump Links Student Protests In France To Migration

October 6, 2026
PAC Committee Chairperson Hon. Abena Osei Asare and Ranking Member Hon Samuel Atta Mills

PAC Steps Down Washington Embassy, African Games Audits From 2025 Hearings

October 6, 2026
ADVERTISEMENT
Next Post
Akuapem Poloo and Yvonne Nelson

I Would Love To Work With Akuapem Poloo Again – Yvonne Nelson

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.