Those who are not gloomy are saying that those who are gloomy are too gloomy and as a result, the gloominess is not as gloomy as when it started!— Richard Quest, CNN
For the first time in more than a decade, we’ve seen more foreign investors pitch [at investor meetings than South Africans]…— Maria Ramos, Absa
After two years of steady growth, the world economy is slowing down while risks are increasing.
So said International Monetary Fund Managing Director Christine Lagarde at the 2019 World Economic Forum (WEF 2019) in Davos, Switzerland on Tuesday.
President Cyril Ramaphosa held a briefing at the World Economic Forum (WEF) in Davos, Switzerland on Wednesday.
He provided a global update on South Africa’s economy and its drive to boost investment.
Ramaphosa is attending the forum with the Minister of Finance, Tito Mboweni, and the Minister of International Relations, Lindiwe Sisulu.
The President has the tough task of convincing potential investors that South Africa is changing course.
On Wednesday, Whitfield interviewed Lesetja Kganyago, Governor of the South African Reserve Bank, who is also in Davos.
Quest and Ramos gave an update of the day’s events at the WEF.
Listen to the interviews in the audio below (and scroll down for more quotes from it).
There is a real feeling here that business is being done… The place has not turned into the circus it has been in the past… The circus atmosphere is gone… I get the feeling that people are actually listening to one another…— Richard Quest, CNN
Everybody talked themselves in quite a frenzy of pessimism… too much pessimism!— Richard Quest, CNN
…The US is making good points with bad arguments…— Richard Quest, CNN
Is it a good Davos? The jury is out… Do I expect fireworks? Not today.— Richard Quest, CNN
Am I surprised that a room full of the world’s elite think there should be a second referendum on Brexit? Absolutely not!— Richard Quest, CNN
The mood is very different around Team SA… a small but better organised and united Government delegation… rising confidence… a significant number of issues still need to be addressed…— Maria Ramos, Absa
There’s been questions to the President about that [land expropriation]…— Maria Ramos, Absa
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