SOUTH AFRICAN DEPUTY PRESIDENT IN DAVOS FOR WORLD ECONOMIC FORUM

Deputy President Cyril Ramaphosa has arrived in the Swiss Alpine resort of Davos-Klosters at the head of the South African delegation to the World Economic Forum annual meeting.

The meeting from Tuesday to Friday has brought together more than 2,700 world leaders from business, government, international organizations, academia and civil society to discuss the global economy.

Organized under the theme “Responsive and Responsible Leadership”, this year’s WEF is taking place against the background of a challenging global environment.

The programme for the WEF has been organized around five areas, which have been identified as in need of urgent responsive and responsible leadership. These are: Preparing for the fourth industrial revolution; Strengthening systems for global collaboration; Revitalising the global economy; Reforming market capitalism; and Addressing identity through positive narratives.

The South African delegation will highlight the work that the 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 sidelines of the main forum, Ramaphosa is expected to participate in five sessions including: building a new water economy; operationalising the Sustainable Development Goals (SDGs), 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.

He will also participate in a 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.

Ramaphosa’s delegation includes Finance Minister Pravin Gordhan; Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe; Trade and Industry Minister Rob Davies; Economic Development Minister Ebrahim Patel; and Water and Sanitation Minister Nomvula Mokonyane.

South Africa will be hosting the WEF Africa meeting in Durban, in May this year.

Source: NAM NEWS NETWORK