S. Africa wants to show its resilience at WEF: Presidency

South Africa will utilize the upcoming World Economic Forum on Africa to send a positive message that the country's macro-economic environment remains resilient, the Presidency said on Monday.

In pursuit of this objective, the SA delegation will reiterate the country's commitment to the full implementation of the National Development Plan as a cornerstone of the economy, Deputy President Cyril Ramaphosa's office said.

Ramaphosa will lead the SA delegation to the forum scheduled for May 11-13 in Rwanda's capital Kigali.

"South Africa will underline its commitment to attracting investments not only to the country but to the SADC region and indeed the entire African continent as part of advancing the objectives of the continent's Agenda 2063," said Ronnie Mamoepa, spokesperson for Ramaphosa.

The forum, to be convened under the theme "Connecting Africa's Resources through Digital Transformation", will focus on how the digital economy can act as a catalyst to drive radical structural transformation, strengthen public-private collaboration, and agree on strategic actions that deliver shared prosperity across the continent.

According to the WEF, Africa's positive economic outlook is under pressure, mainly due to adverse changes in the global economy. As many countries in the region improve their investment climate and undertake macroeconomic policy reforms, foreign direct investment flows are expected to grow, although at a slower pace. Endit