Godongwana To Head South Africa’s Delegation At World Economic Forum In Davos

Finance Minister Enoch Godongwana is set to lead South Africa’s delegation to the World Economic Forum (WEF) in Davos next week, as the country steps onto a global stage focused on economic cooperation and dialogue.

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The annual WEF meeting will take place from 19 to 23 January and is being held under the theme “A Spirit of Dialogue”, bringing together political leaders, policymakers and business executives from across the world.

SA plans to use the platform to showcase signs of economic improvement, with government officials pointing to renewed investor confidence and steady progress across key sectors.

South Africa to Promote Investment Opportunities at WEF Davos

Treasury officials said the delegation will position South Africa as an increasingly attractive destination for both local and international investment. The message to global investors will centre on economic stability and reform-driven growth.

According to Treasury, recent milestones underscore positive economic momentum. These include the stabilisation of the electricity grid and an upgrade to South Africa’s sovereign credit rating by Standard & Poor’s.

Economic Reforms and Grey Listing Exit Boost Confidence

South Africa has also been removed from the Financial Action Task Force’s grey list, following its placement in February 2023 due to shortcomings in anti-money laundering controls.

Officials said the development signals progress in strengthening financial oversight and governance.

Treasury added that these advances align with South Africa’s medium-term growth strategy, which focuses on accelerating structural reforms, enhancing state capability and expanding investment in growth-supporting infrastructure.

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