Instant view: S.Africa President Zuma's state of nation speech

Thu Feb 11, 2010 2:34pm EST
 
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CAPE TOWN (Reuters) - South Africa's economy is on the path to recovery but the government will maintain measures to boost jobs and growth, President Jacob Zuma said on Thursday.

Zuma, speaking on the 20th anniversary of the release from prison of Nelson Mandela, said South Africa has changed fundamentally in the past two decades and work should now be done to ensure stronger growth in the future.

ANALYST COMMENTS

ZWELINZIMA VAVI, SECRETARY-GENERAL, Labor FEDERATION COSATU

"Overall (on) the issue of jobs, poverty and inequalities, I'm quite disappointed. I would have thought that the president would acknowledge that South Africa was in a crisis, even before the recession.

"I'm more disappointed that he didn't speak about the labor brokering in the country, that he didn't say specifically that the ANC has made a commitment to prohibit all the extremely exploitative measures associated with the labor brokering industry.

"He didn't engage with the issue of the macroeconomic strategy.

"I like the de-emphasizing of the macroeconomic strategy because I think that over the past 15 years South Africa overly emphasized and focused on the macroeconomic policies to the exclusion of a growth path and industrial strategy."

PETER ATTARD MONTALTO, EMERGING MARKETS ECONOMIST, NOMURA   Continued...