Business cautiously optimistic on SoNA commitments, but execution will be critical

President Cyril Ramaphosa’s State of the Nation Address (SoNA), delivered on February 6, has been met with cautious optimism. The Bureau of Economic Research (BER) commended the SoNA’s focus on the Medium-Term Development Plan (MTDP), which aims to boost economic growth to over 3% through large-scale infrastructure investment.