Team SA prepares for WEF

JANUARY 16, 2016

President Jacob Zuma will lead a South African delegation to the World Economic Forum (WEF) in Davos-Klosters, Switzerland.

The delegation to the meeting, scheduled from January 20 - 23, will comprise Cabinet Ministers and business leaders.

To prepare for the meeting, Team South Africa, led by President Zuma and Finance Minister Pravin Gordhan is meeting in Pretoria this morning for a briefing session.

The WEF annual meeting brings together world leaders from business, government, international organisations, academia and civil society in Davos to discuss the global economy. This year's theme is ‘Mastering the Fourth Industrial Revolution’.

Critical current challenges such as security, climate change and the “new normal” global growth and commodity prices are among the issues on the agenda.

Delegates will also seek ways to improve global governance through public-private cooperation by working in close collaboration with key international organisations and providing input into major multilateral processes.

The meeting will also look at multi-stakeholder efforts to deliver sustainable and inclusive economic growth in the face of slowing growth rates, increasing market volatility and looming global risks.

Another issue for discussion is geo-security, which will see public and private sector leaders meet with defence and intelligence experts in preparation for a rapidly changing security landscape.

The world leaders will also examine in depth the social and economic transformations occurring in all regions of the world through informal interaction with over 250 political leaders on trade and investment-related issues in various national and regional contexts.

Industry and business matters are also on the agenda of the annual meeting. The delegates will work towards shaping the evolution of industry ecosystems and business models, particularly in the context of scientific, technological and policy innovations. - SAnews.gov.za