President Jacob Zuma(REUTERS)
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President Jacob Zuma arrived in Davos, Switzerland, last night and will use his first day at the World Economic Forum (WEF)'s annual meeting to push Africa's agenda. German Chancellor Angela Merkel officially opened the meeting yesterday by assuring delegates that Europe will prevail through its Euro crisis.
The founder of the WEF, Klaus Schwab, has called for a new vision for the world economy. With markets jittery and economies fragile, Merkel assured delegates that Europe would prevail, while the brains behind the forum articulated a vision.
Schwab says he has a three-fold wish for this year's meeting: for delegates to bond and bind, to build in searching for constructive new solutions, new models as well as to bond by looking for long-term visions and bind by creating the necessary underpinning framework of shared values.
Gordhan says whilst the world or some pars of the world are looking gloomy, there are many strengths that SA has
President Zuma on the other hand leads a powerful business and government delegation in need of new investment that can bolster growth, even as the International Monetary Fund downgraded South Africa's outlook to 2.5%. Finance minister Pravin Gordhan says while the world or some parts of the world are looking gloomy, there are many strengths that SA has.
Gordhan says, on how to use those strengths, business should unite and unions, government and society will have to take advantage of the opportunities presented. Earlier, conference leaders said 400 million jobs needed to be created over the next decade, as sustainable growth becomes a catchphrase in the Swiss Alps.
