Finance Minister Enoch Godongwana on Friday speaking to the media outside SA House in Davos about this year’s World Economic Forum. Finance Minister Enoch Godongwana said on Friday that South Africa returned to this year’s World Economic Forum (WEF) in Davos with tangible evidence of economic progress, presenting a compelling case to global investors and business partners that the country’s reform agenda is delivering results. Key government ministers and leaders from industry and state agencies accompanied Godongwana.
He reiterated that the team used the forum in Davos to highlight recent achievements, including the removal of South Africa from the Financial Action Task Force (FATF) greylist, an upgrade of its sovereign credit rating by S&P Global, and structural reforms under Operation Vulindlela that have improved electricity supply, modernised port and freight rail operations, and boosted investment in infrastructure. “When we came here in 2025, we presented our ambitious plan for driving economic reforms, building investor confidence and mobilising private investment,” Godongwana said. “We returned in 2026 with concrete evidence of our progress.
We returned not with promises, but with real successes.” Godongwana said the delegation emphasised South Africa’s commitment to macroeconomic stability and policy consistency, crucial factors for attracting both local and international investment. He also pointed to the lowering of the inflation target as a move that would reduce costs across the economy and provide greater policy and price certainty for investors. Godongwana said the 2026 WEF meetings provided a platform to engage directly with global investors, potential partners, and business leaders, allowing Team South Africa to present the country as a stable, investment-ready economy.
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He said the delegation stressed that ongoing structural reforms, including improvements in energy and transport infrastructure, are opening up new opportunities for private-sector participation and job creation. South Africa’s performance in global forums was also highlighted. The team, in a press briefing on Thursday, reported on the country’s 2025 G20 Presidency, which culminated in a historic G20 Leaders’ Declaration.
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