"Tough decisions" for South Africa to cut deficit: Ramaphosa

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Fri, 16 Feb 2018 - 05:59 GMT

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Fri, 16 Feb 2018 - 05:59 GMT

President Cyril Ramaphosa arrives to deliver his State of the Nation address at Parliament in Cape Town, South Africa, February 16, 2018. REUTERS/Mike Hutchings

President Cyril Ramaphosa arrives to deliver his State of the Nation address at Parliament in Cape Town, South Africa, February 16, 2018. REUTERS/Mike Hutchings

CAPE TOWN - 16 February 2018: South Africa faces "tough decisions" to reduce the size of its fiscal deficit and stabilize its debt after years of weak growth, President Cyril Ramaphosa said on Friday in a State of the Nation address the day after being inaugurated.

Ramaphosa also said his government was committed to "policy certainty and consistency", in contrast to his predecessor, Jacob Zuma, who resigned this week on the orders of the ruling African National Congress.

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