SA conveys openness to do business at WEF
20 January 2017
South African Deputy President Cyril Ramaphosa has concluded his visit to Davos where he participated in the World Economic Forum (WEF), conveying to the international community South Africa’s openness to do business.
The Deputy President also stressed the country’s status as a preferred destination for investment.
The delegation highlighted that South Africa remains focused on pursuing a path to faster, inclusive and job-creating economic growth.
It also highlighted that government, business and labour have made significant progress in pursuing economic reforms; South Africa’s strong institutions, stable macroeconomic environment, developed financial markets and strategic position provide a solid platform for stronger growth.
The team also highlighted that the country remains committed to strong fiscal discipline; South Africa is taking steps to strengthen policy certainty; government is working to achieve a more supportive business environment, including through Invest SA and incentive programmes; government has prioritised energy security; and that massive infrastructure investment will continue to bolster domestic demand and productive capacity.
During the visit, Deputy President participated in a number of WEF sessions including Powering Africa; Operationalisation of the Sustainable Development Goals; Coalition for African Research and Innovation and the Business Interaction Group on South Africa.
The Deputy President concluded his visit on Thursday. The Presidency said the WEF was attended by United Nations Secretary-General Antonio Guterres and WEF founder Klaus Schwab, amongst others.
Deputy President Ramaphosa was leading a 56-person top level government, business and labour delegation to the 2017 World Economic Forum held in Switzerland under the theme, Responsive and Responsible Leadership.
The South African delegation included government Ministers Pravin Gordhan, Jeff Radebe, Rob Davies, Ebrahim Patel, Nomvula Mokonyane and KwaZulu-Natal MEC for Economic Development Sihle Zikalala, Labour leader Dennis George and business leaders including Jabu Mabuza, Patrice Motsepe, state owned enterprise executives from among others the Industrial Development Corporation Geoff Qhena and Public Investment Corporation Dan Matjila.
Photo: Kopano Tlape, GCIS
SA to participate in World Economic Forum
16 January 2017
Deputy President Cyril Ramaphosa of South Africa is in Davos-Klosters, Switzerland, where he is leading a South African delegation to the World Economic Forum annual meeting.
The meeting, scheduled from Tuesday until Friday, brings together over 2 700 world leaders from business, government, international organisations, academia and civil society in Davos to discuss the global economy.
Photo: Deputy President Cyril Ramaphosa received by Ambassador Claudinah Ramosepele on arrival in Switzerland ahead of the 2017 World Economic Forum's Annual Meeting (WEF 2017) in Davos. GCIS
Organised under the theme ‘Responsive and Responsible Leadership’, this year’s WEF is taking place against the background of a challenging global environment.
The Presidency on Sunday said the programme for the WEF has been organised around five areas, which have been identified as in need of urgent responsive and responsible leadership.
These, it said, include preparing for the fourth industrial revolution; strengthening systems for global collaboration; revitalising the global economy; reforming market capitalism and addressing identity through positive narratives.
According to the Presidency, team South Africa will communicate to the global community the positive message that “Working together our future is in our hands”.
“In this context, the South African team will utilise the opportunity presented by the World Economic Forum to highlight the work that government working together with business and labour is doing to; implement economic transformation and the reform agenda, make progress towards achieving inclusive growth and employment, restoring investor confidence, achievement of supportive business confidence and refine government spending efficiency.”
On the side-lines of the main forum, Deputy President Ramaphosa is expected to participate in five sessions including: building a new water economy; operationalising the sustainable Development Goals-unlocking the power of public-private co-operation; Africa’s Road to Prosperity; Gathering of World Economic Leaders on Responsive and Responsible leadership in a multi-polar world; African Regional Strategy Group; High-level panel on water; and Global Goals-the road to 2030.
The Deputy President will also participate in Business Interaction Group on South Africa aimed at deepening the process of interaction between South African policy-makers and leading multinational businesses from the perspective of advancing national growth and well-being.
Deputy President Ramaphosa’s government delegation includes Finance Minister Pravin Gordhan; Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe; Trade and Industry Minister Rob Davies; Economic Minister Development Ebrahim Patel; Water and Sanitation Minister Nomvula Mokonyane and KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala.
South Africa is poised to host the WEF Africa meeting in Durban, in May this year.