Kubayi to leads Team SA at World Economic Forum

Monday, May 23, 2022

Human Settlements Minister and Head of Cabinet’s Economic Cluster, Mmamoloko Kubayi, will this week represent the South African Government at the Annual Meeting of the World Economic Forum in Davos, Switzerland.

This year’s event will be held under the theme, “History at a Turning Point: Government Policies and Business Strategies”.

The Annual Meeting is the first global in-person leadership event since the onset of the COVID-19 pandemic in 2020.

In a statement, the National Treasury said the 2022 Meeting will convene at the most consequential geopolitical and geo-economic moment of the past three decades and against the backdrop of a once-in-a-century pandemic.

“Government, business and civil society leaders will convene to simultaneously advance longstanding economic, environmental, political and societal priorities, security challenges, all the while reinforcing the foundations of a stable global system,” said the department.

Accompanied by a strong contingent of over 35 South African business representatives, Minister Kubayi will attend the meeting with the primary focus of promoting South Africa as an attractive investment destination.

In addition, the meeting will also provide an opportunity for the government to share an update on South Africa's economic reconstruction and recovery plan, promote the country’s economic reforms, and advance important public-private partnerships to support the country's development objectives.

Some of the key messages Team SA will focus on at WEF include: 

  • unpacking government’s priorities for supporting higher levels of economic growth through areas such as infrastructure and industrial growth;
  • outlining commitment to higher economic growth through faster implementation of structural reforms through Operation Vulindlela – a programme led by the Presidency and National Treasury to fast-track structural reform implementation in key sectors such energy and telecommunication;
  • commitment to addressing climate change, the green economy, and transitioning to lower carbon emissions;
  • commitment to deepening economic cooperation within the continent and globally and simulating trade; and
  • implementing reforms that will support the Ease of Doing Business, such as reducing data costs and one-stop shops for setting up businesses.

-       SAnews.gov.za

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