South Africa to present ‘compelling’ investment case at Davos – Godongwana
South Africa’s delegation to the World Economic Forum (WEF) will present the country’s investment case, which Finance Minister Enoch Godongwana has described as “compelling”, to international investors, despite the challenges the country is grappling with.
He was speaking to the media at a pre-WEF briefing, in Johannesburg, on January 11, ahead of the forum being held in Davos, Switzerland, next week.
He emphasised that South Africa’s key focus at the forum will be investment, as this drives growth.
Godongwana acknowledged that the country had myriad structural challenges impacting on the economy, and that the delegation was cognisant of these, namely in electricity, logistics, crime and corruption.
However, he averred that there were strategies and roadmaps in place to address these.
Therefore, Godongwana said that the delegation would look to sell the country, cognisant of its issues, but also outlined that it was working on resolving these and has the requisite capacity to do so.
He highlighted that “as the most industrialised economy in Africa”, with strength in areas such as science and technology, and a strong industrial profile, South Africa still presented a compelling case for investment.
Also highlighted during the briefing South Africa’s capacity for renewable energy projects and the considerable private sector appetite for this.
However, it was reiterated that the country needed to strengthen its grid to accommodate these projects.
Therefore, the delegation will also be having conversations to determine the conditions for investment in this regard, so that this can be used to refine the country’s transmission model.
Also mentioned was the opportunity for investment in infrastructure in the public and private healthcare system, with the passing of the National Health Insurance Bill last year, and the need to expand both private sector and basic primary healthcare as well.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation