WEF: leaders must keep capitalism’s virtues while addressing its deficiencies
Capitalism has lifted hundreds of millions out of poverty; now more than ever, Africa must prioritise measures for sustained, inclusive growth
I always feel great emotion when I am in SA. I remember well the time in 1989 when I invited the leaders from all the different factions to a private meeting in Geneva for a dialogue on the future of SA. Some were still living in exile at the time, but they all came. I remember most clearly the great spirit of hope and co-operation in the room, and a feeling that not only SA, but Africa, was reborn. I also vividly remember my visit to Nelson Mandela in 1990 shortly after his release from prison. I assured him of the World Economic Forum’s (WEF) support in helping construct a more peaceful and equitable country. I am proud that FW de Klerk, Nelson Mandela and Prince Mangosuthu Buthelezi’s first joint appearance on a stage together took place at the WEF’s annual meeting in Davos. That meeting demonstrated the beginning of a new chapter in SA’s history. Since then, there has been notable development accomplishments: as a region, Africa’s economies have expanded robustly, with a growth ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.