2016 WEF: Cyril Ramaphosa leaves for Rwanda

The 2016 WEF Africa opens Wednesday and runs until Friday.

“Team South Africa’s participation at WEF Africa comes amidst a positive review of the country by ratings agency Moody’s. Moody’s has also appraised Eskom positively and this bodes well for the country’s competitiveness and attractiveness as an investment destination,” said the Presidency in a statement released by Ronnie Mamoepa.

“Deputy President Ramaphosa will thus seek to promote South Africa as being open to business and as a preferred destination for investments.”

Ramaphosa and Team South Africa will also use various platforms provided by the Forum to communicate a positive message that South Africa macro-economic environment remains resilient – with a dynamic and stable economy underpinned by solid economic fundamentals.

The delegation will also underline South Africa’s commitment to attracting investments not only to the country but to the SADC region and indeed the entire African continent as part of advancing the continent’s Agenda 2063.

The 2016 WEF (Africa) is organised under the theme “Connecting Africa’s Resources through Digital Transformation.

The forum is expected to be attended by regional and global leaders from business, government and civil society focusing on how the digital economy can act as a catalyst to drive radical structural transformation, strengthen public-private collaboration on key global and regional challenges.

“Team South Africa includes Ministers of Finance Pravin Gordhan, Trade and Industry Rob Davies, Post and Telecommunications Siyabonga Cwele and Minister in the Presidency Jeff Radebe,” said the Preidency.

The business delegation on the other hand will comprise representatives of, among others, Eskom, the Industrial Development Corporation, Old Mutual, ArcelorMittal, and Business Unity South Africa.