ECONOMIC WEEK AHEAD: Cyril Ramaphosa on a mission to Davos to attract investment
Ramaphosa says SA is in a stronger position given a united front of business, the government and labour
Key economic indicators are forecast to show an improvement this week as a South African delegation led by President Cyril Ramaphosa descends on the World Economic Forum (WEF) in Davos, Switzerland, with the hope of attracting new investment. The WEF kicks off in a wintry Davos on Tuesday and about 3,000 delegates comprising political, business and civil leaders will converge under the theme “Globalisation 4.0: Shaping a global architecture in the age of the fourth industrial revolution”. The WEF concludes on Friday. Ramaphosa told reporters in a pre-WEF briefing on Thursday that SA was in a stronger position given a united front of business, the government and labour. Further positive news this week is that inflation is forecast to have retreated in December following a marginal uptick to 5.2% in November. The Consumer Price Index inflation data will be published on Wednesday. This comes a day after the Reserve Bank publishes its leading indicator, which is a dipstick to gauge the ...
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