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Ian Wason: SONA must address debt addiction

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A student holds a banner aloft during the march to the Union Buildings in Pretoria.
A student holds a banner aloft during the march to the Union Buildings in Pretoria.
Theana Breugem

Cape Town - In his State of the Nation Address (SONA) President Jacob Zuma needs to make it clear that 2016 has to be the year that focuses on unemployment, education and over-indebtedness as the foundation to increasing South Africa's economic prospects, Ian Wason, CEO of debt managing company DebtBusters, said on Thursday.

SONA needs to address the crux of poor education levels and more specifically poor financial literacy levels and its direct impact on unemployment and economic growth, in his view.

"With 25.5% of South Africans unemployed as of July 2015, unemployment will be a key focus point for President Zuma and his cabinet to address and will need to be duly improved," said Wason.

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