ANALYSIS: SONA 2019, Take Two, coming under a dark cloud of economic nonperformance and ANC factional fractures

a plan since delivering his first State of the Nation Address on 16 February 2018. And that plan is unfolding at some levels, mostly in government and its institutions, and in a series of commissions of inquiry and panels of experts which the president is empowered in law to establish.

Where Ramaphosa’s New Dawn/Thuma Mina isn’t working is in the economy and the governing ANC, whose factional fractures belie the much-touted unity and renewal mantra of the 2017 Nasrec ANC national conference. Communications Minister Stella Ndabeni-Abrahams is now heading a newly named Department of Communications and Digital Technologies, having lost BrandSA, the Media Development and Diversity Agency and Government Communication and Information System , crucial for an official spin, to Minister in the Presidency Jackson Mthembu. And the infrastructure development management system is moved from National Treasury to the Public Works and Infrastructure ministry.

ANC policies over the past 25 years have struggled to restructure the economic fundamentals and to lay the foundations such as quality basic education for a new, inclusive and equitable economy. The highest economic growth rates achieved, albeit without related job creation, were during the Thabo Mbeki presidency under the Growth, Employment and Redistribution .

The 2019 ANC election manifesto says the governing party “believes that the South African Reserve Bank must pursue a flexible monetary policy regime, aligned with the objectives of the second phase of transition. Without sacrificing price stability, monetary policy must take into account other objectives such as employment creation and economic growth”.

Those processes appear to have stalled. Instead, Eskom needed more money quicker — it could not meet its liabilities in late March and government had to guarantee a commercial bridging loan before releasingfrom the national coffers — and then came the resignation of its chief financial officer Phakamani Hadebe.

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