SA Prez Ramaphosa Announces Economic Recovery Plans; Tears Into “State Capture”

In a candid admission, South African President Cyril Ramaphosa said the government had failed on many counts leading to “criminal networks” infiltrating state-owned enterprises “intent on looting public money”, leaving the country in dire economic condition. At the 2022 State of the Nation Address (SONA) on Thursday evening, Ramaphosa set forth his government’s plans to fight corruption and boost the economy through a host of schemes. “None of our efforts to revive our economy will succeed if we do not tackle the scourge of corruption once and for all,” Ramaphosa said, in his nearly 70-minute long speech.