• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, October 12, 2025
  • 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

Ramaphosa To Deliver State Of The Nation Address

Comfort Ampomaaby Comfort Ampomaa
February 9, 2023
Reading Time: 4 mins read
Comfort Ampomaaby Comfort Ampomaa
in Africa
0
Ramaphosa To Deliver State Of The Nation Address

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.

RelatedPosts

Cameroon Goes To The Polls

RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher

Eritrea, TPLF Accused Of Colluding To Attack Ethiopia

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.

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.

ADVERTISEMENT

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.

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.

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

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

[mc4wp_form id="1264"]

Related Posts

Cameroon Goes To The Polls
Africa

Cameroon Goes To The Polls

October 12, 2025
RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher
Africa

RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher

October 11, 2025
Eritrea, TPLF Accused Of Colluding To Attack Ethiopia
Africa

Eritrea, TPLF Accused Of Colluding To Attack Ethiopia

October 8, 2025
ICC Convicts Ali Kushayb Of War Crimes In Darfur
Africa

ICC Convicts Ali Kushayb Of War Crimes In Darfur

October 7, 2025
Cameroon’s Opposition Decries Kamto Disqualification
Africa

Paul Biya Faces Growing Calls To Step Down

October 6, 2025
Egypt’s Private Sector Faces Renewed Slowdown In September
Africa

Egypt’s Private Sector Faces Renewed Slowdown In September

October 5, 2025
Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba
Entertainment

Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba

by Esther Korantemaa OffeiOctober 12, 2025
Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah
General News

Mahama’s Galamsey Fight Non-Negotiable – Lands Minister Declares

by Evans Junior OwuOctober 12, 2025
Mining consultant Ing. Wisdom Edem Gomashie
Extractives/Energy

Mining Consultant Challenges GoldBod CEO’s Claims on Gold Purchases 

by Prince AgyapongOctober 12, 2025
Ecobank Ghana Empowers the Next Generation Through Digital Inclusion
Banking

Ecobank Ghana Empowers the Next Generation Through Digital Inclusion

by Stephen M.COctober 12, 2025
GES Urges Parents to Accept Placements and Prepare Wards
General News

GES Urges Parents to Accept Placements and Prepare Wards

by Silas Kafui AssemOctober 12, 2025
Cameroon Goes To The Polls
Africa

Cameroon Goes To The Polls

by Comfort AmpomaaOctober 12, 2025
Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba
Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah
Mining consultant Ing. Wisdom Edem Gomashie
Ecobank Ghana Empowers the Next Generation Through Digital Inclusion
GES Urges Parents to Accept Placements and Prepare Wards
Cameroon Goes To The Polls

Recent News

Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba

Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba

October 12, 2025
Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah

Mahama’s Galamsey Fight Non-Negotiable – Lands Minister Declares

October 12, 2025
Mining consultant Ing. Wisdom Edem Gomashie

Mining Consultant Challenges GoldBod CEO’s Claims on Gold Purchases 

October 12, 2025
Ecobank Ghana Empowers the Next Generation Through Digital Inclusion

Ecobank Ghana Empowers the Next Generation Through Digital Inclusion

October 12, 2025
GES Urges Parents to Accept Placements and Prepare Wards

GES Urges Parents to Accept Placements and Prepare Wards

October 12, 2025
Cameroon Goes To The Polls

Cameroon Goes To The Polls

October 12, 2025
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.