PRETORIA, Jan 19 (NNN-SANEWS) — A delegation of South African Ministers will showcase the country’s economic progress, reform momentum and investment potential at the World Economic Forum (WEF) in Davos, Switzerland next week.
The forum will be held from Monday to Jan 23 under the theme: “A Spirit of Dialogue”.
South Africa’s delegation to the economic gathering includes Finance Minister Enoch Godongwana, Minister of International Relations and Cooperation Ronald Lamola, Electricity and Energy Minister Dr Kgosientsho Ramokgopa, Minister of Tourism Patricia de Lille and Small Business Development Minister, Stella Ndabeni.
“South Africa will showcase its improving economic position reflected in strengthening investor confidence.
“Key recent developments include the stabilisation of electricity supply, removal from the Financial Action Task Force’s [FATF] greylist and an upgrade of the sovereign credit rating by the rating agency S&P Global.
“The Ministers will highlight progress on structural reforms across energy, logistics, water, digital communications, and small business sectors, among others,” National Treasury said.
South Africa will be positioned as a definitive choice for global investors.
“The delegation’s strategic intent is to position South Africa as an attractive investment destination reflected in demonstrable progress in attaining macroeconomic stability, positive momentum in economic reform implementation, regional leadership, and global diplomacy.
“This positioning aligns with South Africa’s medium-term growth strategy, anchored in four interdependent policy pillars: maintaining macroeconomic stability, accelerating structural reforms, building state capability and investing in growth-enhancing infrastructure,” the department added. — NNN-SANEWS