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‘SA’s resilient economy makes for a strong case for investors’

President Jacob Zuma says South Africa has proven that it has a resilient economy.

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

SWITZERLAND - President Jacob Zuma says despite a difficult global context, South Africa’s resilient economy leaves the country with a strong case to present to investors at this year’s World Economic Forum in Switzerland.

Zuma, accompanied by seven ministers, arrived in Davos today to promote South Africa as a safe investment destination despite the downward slide of the country’s economy.

President Zuma says South Africa has proven that it has a resilient economy, which will ultimately return the country to a path of inclusive growth.

LISTEN: Will anyone listen to SA in Davos? Rob Davies thinks so

His spokesperson Bongani Majola said, “The theme for team South Africa is that the country is open for business. President Zuma says the country will be able to present a strong case for South Africa in Davos.”

Majola also says the weakness of commodity prices poses problems to the country's economic growth outlook.

“The fall in commodity prices is unlikely to reverse and will have a sustained impact on emerging market economies.”

The president has reassured investors that the country is on the right track, promising a strong commitment to better fiscal discipline going forward.

Visit the Eyewitness News World Economic Forum 2016 special feature.

(Edited by Winnie Theletsane)

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