World Economic Forum

President Cyril Ramaphosa has told potential investors that South Africa is poised to be amongst top 50 best investment destinations in the world. He was addressing an interactive breakfast session which was part of the build-up of the World Economic Forum (WEF) which started yesterday and ends on Friday. However South Africa’s hosting was muddied by the recent conflict of South Africans and foreign nationals. Yesterday, the World Economic Forum has confirmed that it has received communications from the governments of Rwanda, DRC and Malawi that their leaders will no longer be attending the World Economic Forum on Africa meeting in Cape Town. WEF spokesperson Oliver Cann says the forum received the notices last week. He however, could not confirm if the withdrawals from WEF have anything to do with the violence and looting against mainly foreign nationals...To assist us on this we are joined by: • Dr Peter Karungu, political economist at Wits University • Ian Cruickshanks, Chief Economist at the South African Institute of Race Relations • Akinwale Ojomo, CEO, Diaspora Innovation Institute