The SA delegation heading to the WEF annual meeting is upbeat and believes that it has a better message this year than many other countries.
View of Davos during sunset prior the 55th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Picture: EPA-EFE/GIAN EHRENZELLER
WEF is the international organisation for public-private cooperation and provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust and build initiatives for cooperation and progress.
Godongwana said the WEF annual meeting brings together a wide array of key global stakeholders. “These audiences are keen to understand the opportunities and challenges facing South Africa. “Collaboration is the foundation upon which we can harness innovation to address our economic and social challenges, while ensuring that technological advancements are inclusive and equitable.”
Godongwana said solidarity emphasises the power of unity and mutual support, recognising that our interconnected world requires cooperative solutions to shared challenges, while equality focuses on creating fair opportunities for all and addressing systemic disparities, ensuring that no one is left behind in our pursuit of global development.
“However, we remain cautiously optimistic. There are significant upside risks to growth in the final quarter, including faster-than-anticipated easing of inflationary pressures, improved electricity reliability and the stimulus effect of the withdrawals of the two-pot retirement system.
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