While President Cyril Rampahosa tries to convince investors to come to South Africa, Godongwana says the growth forecast is 'not impressive.' WEF Costofliving Click here for the full story➡️
He will be part of a delegation led bythat will meet with world leaders in Davos from 16 to 20 January to discuss ‘Cooperation in a Fragmented World’.
Godongwana said chief among the government’s priorities is rebuilding investor confidence and mobilising investments, adding that dealing with South Africa’s worsening power crisis is critical. “We can have the best policy on paper, [but] if we can’t provide electricity, it’s useless,” he said.Eskom has struggled to get a handle on South Africa’s electricity supply challenges, with rolling blackouts having lasted for over 15 years. This week, it announced Stage 6 load shedding until further notice.
Minister of Human Settlements Mmamoloko Kubayi says that despite these challenges the South African delegation will endeavour to communicate to fellow WEF delegates that the country is one that is “at work and is on the road to recovery”.The delegation aims to profile the country’s recovery and implementation strategies and position it as an attractive destination for business and investment as well as tourism.
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