Ramaphosa arrives in Davos on wave of optimism as renewal beckons

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Johannesburg – Deputy President Cyril Ramaphosa touched down at the World Economic Forum (WEF) in Davos on Monday afternoon with the wind at his back.

Ramaphosa will lead a boosted high-level government, business and labour delegation at the annual meeting in Switzerland, scheduled from January 23 to 26.

This year’s event is held under the theme ‘Creating a shared future in a fractured world’ and Ramaphosa will promote South Africa’s renewal and fight against corruption.

His visit comes amid reforms Ramaphosa is instituting to strengthen governance and boost investor confidence, especially at the country’s troubled state-owned enterprises. This includes overhauling the Eskom board over the weekend and forcing executives with a cloud over their heads out to pasture.

“This is part of an ongoing broader effort to restore confidence in the economy,” the South African delegation said.

“The South African government will continue to act decisively to address challenges at its key state-owned enterprises to restore public and investor confidence and to ensure that they fulfil their economic and developmental mandates.”

Ramaphosa will join various discussion platforms in Davos to develop a response to new strategies towards transforming governance in various parts of the world, the South African government said in a statement.

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