10°C / -1°C
  • Tue
  • 10°C
  • -1°C
  • Wed
  • 10°C
  • -4°C
  • Thu
  • 11°C
  • 4°C
  • Fri
  • 10°C
  • 1°C
  • Sat
  • 14°C
  • 0°C
  • Sun
  • 16°C
  • 4°C
  • Tue
  • 14°C
  • 9°C
  • Wed
  • 16°C
  • 8°C
  • Thu
  • 17°C
  • 9°C
  • Fri
  • 18°C
  • 11°C
  • Sat
  • 19°C
  • 10°C
  • Sun
  • 16°C
  • 8°C
  • Tue
  • 19°C
  • 14°C
  • Wed
  • 20°C
  • 12°C
  • Thu
  • 20°C
  • 11°C
  • Fri
  • 22°C
  • 12°C
  • Sat
  • 20°C
  • 15°C
  • Sun
  • 18°C
  • 15°C
  • Tue
  • 16°C
  • 8°C
  • Wed
  • 15°C
  • 8°C
  • Thu
  • 16°C
  • 8°C
  • Fri
  • 15°C
  • 9°C
  • Sat
  • 15°C
  • 9°C
  • Sun
  • 15°C
  • 8°C
  • Tue
  • 11°C
  • 6°C
  • Wed
  • 13°C
  • 1°C
  • Thu
  • 14°C
  • 1°C
  • Fri
  • 15°C
  • 2°C
  • Sat
  • 16°C
  • 2°C
  • Sun
  • 16°C
  • 4°C
  • Tue
  • 16°C
  • 11°C
  • Wed
  • 22°C
  • 7°C
  • Thu
  • 23°C
  • 3°C
  • Fri
  • 22°C
  • 6°C
  • Sat
  • 18°C
  • 5°C
  • Sun
  • 18°C
  • 7°C
  • Tue
  • 9°C
  • 5°C
  • Wed
  • 14°C
  • 1°C
  • Thu
  • 13°C
  • 6°C
  • Fri
  • 17°C
  • 10°C
  • Sat
  • 18°C
  • 8°C
  • Sun
  • 15°C
  • 7°C
  • Tue
  • 16°C
  • 11°C
  • Wed
  • 17°C
  • 11°C
  • Thu
  • 16°C
  • 11°C
  • Fri
  • 17°C
  • 13°C
  • Sat
  • 16°C
  • 12°C
  • Sun
  • 15°C
  • 10°C
  • Tue
  • 14°C
  • 9°C
  • Wed
  • 15°C
  • 3°C
  • Thu
  • 16°C
  • 3°C
  • Fri
  • 17°C
  • 4°C
  • Sat
  • 18°C
  • 2°C
  • Sun
  • 17°C
  • 5°C
  • Tue
  • 16°C
  • 5°C
  • Wed
  • 15°C
  • 2°C
  • Thu
  • 17°C
  • 2°C
  • Fri
  • 18°C
  • 4°C
  • Sat
  • 18°C
  • 2°C
  • Sun
  • 18°C
  • 5°C
  • Tue
  • 13°C
  • 9°C
  • Wed
  • 15°C
  • 7°C
  • Thu
  • 14°C
  • 9°C
  • Fri
  • 16°C
  • 11°C
  • Sat
  • 17°C
  • 11°C
  • Sun
  • 16°C
  • 9°C
  • Tue
  • 15°C
  • 4°C
  • Wed
  • 13°C
  • -1°C
  • Thu
  • 15°C
  • -1°C
  • Fri
  • 15°C
  • 1°C
  • Sat
  • 18°C
  • 0°C
  • Sun
  • 19°C
  • 4°C

#Davos: SA begins bid to sell itself as a safe investment

Debates, panel discussions & workshops will take place at the 2016 World Economic Forum in Davos, Switzerland.

A man walks through the registration hall of the 2016 World Economic Forum in Davos, Switzerland. Picture: Reinart Toerien/EWN.
World Economic Forum,World Economic Forum 2016,Davos 2016
World Local Business

DAVOS – The South African team in Davos will today start its bid to sell the country as a safe investment destination. 

More than 2,500 participants from over 100 countries are expected to take part in various sessions starting at the World Economic Forum (WEF) in Davos today. 

Debates, panel discussions and workshops aimed at finding solutions to global problems will continue until Friday.

South African delegates will have the task of convincing global investors that South Africa is their best bet for investment despite lower than expected GDP growth. 

The country’s forecast is lagging behind BRICS members India and China. 

Cabinet minister including Water and Sanitation Minister Nomvula Mokonyane, Health Minister Aaron Motsoaledi and Trade and Industry Minister Rob Davies are accompanying President Jacob Zuma at the forum. 

The focus will also most likely be on reappointed Finance Minister Pravin Gordhan, who will have to reassure potential backers even as the rand continues to slide against other currencies. 

WATCH: SA to be sold as 'safe investment' at WEF

As the snow continues to fall and the temperature dips, this year's agenda is jam-packed with issues including terrorism, the global market turmoil and climate change.

One of the main topics of discussion this year will however be the growing global migrant crisis, with delegates hoping to find fresh solutions.

German Vice Chancellor Angela Merkel, who in a controversial move, opened up her country’s borders to migrants, has withdrawn her attendance in Davos.

Gross global inequality is another issue which will be fiercely debated.

Recent reports claim the number of people whose wealth is equal to that of the poorest half of the world's population has shrunk from 388 in 2010, to 62 last year.

Visit the Eyewitness News World Economic Forum 2016 special feature.

(Edited by Tamsin Wort)


Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN reserves the right to close comments on selected content pages.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.