23 January 2013

Africa: WEF to Address Global Challenges in 2013

Jacob Zuma, South African president, has said his country's colonial past has made it harder for him to combat the economic dowturn. Speaking to Al ... ( Resource: South Africa Can't Grow While Linked to U.S and Europe:Zuma )

Pretoria — The World Economic Forum (WEF) annual meeting opened in Davos on Tuesday evening under the theme, Resilient Dynamism.

Klaus Schwab, founder and executive chairperson of the WEF, explained in his welcoming address what he was expecting an outcome from this year's meeting.

"Going back being more dynamic, more optimistic, more resilient, having passion and understanding better what's going on - that's my wish for you," he told delegates.

The 2013 Davos forum will bring together some 2 500 participants from more than 100 countries and 1 400 organisations. Among them, there are more than 1 600 business leaders and more than 45 heads of state or government, including President Jacob Zuma.

Zuma will use the forum as a platform to call for the world's top economies and business to invest in South Africa's and Africa's infrastructural projects for the long term economic growth of the continent.

According to the Presidency, he will invite international business to invest in government's multi-billion rand infrastructure programme, which will change the country's social and economic landscape on completion.

The African continent is currently a leading investment destination for good returns and sustainable socio-economic growth.

"As the leading economy in Africa, South Africa remains the strategic platform to accessing one of the world's fastest growing regions. South Africa supports growth in Africa through regional integration and direct investment," the Presidency noted.

In more than 250 sessions and workshops during the six-day meeting, participants will get to discuss questions including how the global economy can get back to robust growth, and how business models can adapt to generational and structural changes.

Schwab said "Resilient Dynamism" was the combined attribute that will be expected from leaders in 2013.

He said that if external shocks were now the norm in a hyper-connected and interdependent world, then leaders would need to be more resilient; while future growth in the new context of a prolonged global economic malaise required dynamism.

"Either attribute, resilience or dynamism, alone is insufficient, as leadership in 2013 will require both," he said.


Copyright © 2013 SAnews.gov.za. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.