Davos 2020: How well did Team South Africa pitch today?

World leaders are attending the 2020 annual meeting of the World Economic Forum in the ski village of Davos, Switzerland.

The Money Show's Bruce Whitfield is in Davos, rubbing shoulders and bumping into celebs, activists and politicians such as former veep and environmentalist Al Gore, George Osborne, Prince Charles, Richard Quest, and of course President Donald Trump.

He asked Absa's Peter Matlare about his impressions of Davos - and the meeting Team South Africa held with potential investors.

Bruce also caught up with Investec's Richard Wainwright - and the manufacturers of a solar car that wants to get one up on Tesla.

For me it's one of the better places to come to get a cleaning and rejuvenation of the mind. Every time I come here it's that ability to interact with a range of stakeholders. We get perspective. We run into somebody from Costa Rica or Argentina who'd say 'we wish we were where you are now'. It's a great gathering of minds.

Peter Matlare, Deputy Chief Executive, Absa

What investors want to know is that we are making progress. I do think our communication about what we do is particularly poor, and here I'm not talking PR and spinning it. It is showing what we do - what is the scorecard, are things improving? And be realistic about when they will come to fruition. I watched our government delegation at the meeting. What was good was it was not rehearsed, they bounced off each other on key issues. There was an authenticity about them. I just wish we could do that more at home

Peter Matlare, Deputy Chief Executive, Absa

I'm very bullish about the globe about the moment. The US is pumping, you heard that from Donald Trump yesterday. I'm even more bullish today given the trade agreement that's been announced with China. So, from a global markets perspective, global economy, I'm reasonably bullish. As that impacts emerging markets, the deal with China is good for emerging markets. We're one of them. In fact the SA markets should be the beneficiaries of capital flows. Fixed investments is what we need and South African companies will drive the change - we cannot rely on government or SOEs. It gives international investors a lot of confidence that we have a very disciplined central banking sector.

Richard Wainwright, Chief Executive Officer, Investec

We want to make sure people can drive electric vehicles without charging stations. It uses far less energy and you can use normal power to charge it as well as solar cells. If you rely on the battery you have a range of around 700km.

Tessie Hartjes, Lightyear One

Listen to all the interviews by clicking on the sound clip below.

Absa is sponsoring Bruce Whitfield at the 2020 World Economic Forum in Davos, Switzerland.

The Money Show will bring you news and analysis all week.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
$7 trillion could save the world but not in the way you might think

$7 trillion could save the world but not in the way you might think

A billionaire asset fund manager has told global CEO’s to focus on climate change.

Wait - why did that debit order go off so early?

Wait - why did that debit order go off so early?

Wendy Knowler, consumer journalist, on Nedbank's early debit orders.

Budget 2020: The big surprise was two billion rand in tax relief

Budget 2020: The big surprise was two billion rand in tax relief

Individual tax payers are actually better off as a result of Budget 2020.

Nyati Bush and River Break: There were eight facilitators stationed at the river

Nyati Bush and River Break: There were eight facilitators stationed at the river

Legal representative of the lodge Daniel Eloff says the school was advised not to participate in any activities on Wednesday.

'In SA, if you’re born rich you stay rich and if you’re born poor you stay poor'

'In SA, if you’re born rich you stay rich and if you’re born poor you stay poor'

Where you’re born – and who your parents are – largely determines your destiny in South Africa, according to the WEF.

[WATCH] Waste reclaimer clocking over 60km/h on Jozi street goes viral

[WATCH] Waste reclaimer clocking over 60km/h on Jozi street goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Popular articles
Wait - why did that debit order go off so early?

Wait - why did that debit order go off so early?

Wendy Knowler, consumer journalist, on Nedbank's early debit orders.

Budget 2020: The big surprise was two billion rand in tax relief

Budget 2020: The big surprise was two billion rand in tax relief

Individual tax payers are actually better off as a result of Budget 2020.

$7 trillion could save the world but not in the way you might think

$7 trillion could save the world but not in the way you might think

A billionaire asset fund manager has told global CEO’s to focus on climate change.

Budget 2020: The good, the bad, and the ugly

Budget 2020: The good, the bad, and the ugly

The Money Show asked three economists for their views on the pros and cons of Budget 2020.

 Magistrate Desmond Nair provisionally suspended over Bosasa allegations

Magistrate Desmond Nair provisionally suspended over Bosasa allegations

Nair was charged with two counts of misconduct in November last year following a preliminary investigation by the ministry.

Literacy Project to empower caregivers of pre-school children

Literacy Project to empower caregivers of pre-school children

CEO Steven Roux says they identified that there is a significant number of children who are not getting access to good creches.

Frustrated judge tells Dudu Myeni to answer questions directly - report

Frustrated judge tells Dudu Myeni to answer questions directly - report

The former SA chairperson was giving evidence in the delinquency case brought by Outa and the SA Pilots Association

Mboweni allocates R60-billion for SAA and Eskom

Mboweni allocates R60-billion for SAA and Eskom

Economist Dr Sean Miller says Eskom is a national problem and it is going to need to be bailed out.

Budget 2020: Finance Minister Mboweni's full speech

Budget 2020: Finance Minister Mboweni's full speech

The documents that underpin Finance Minister Tito Mboweni's annual Budget Speech paint a picture of an economy in a serious crunch.

Mboweni announces R2 billion in personal tax relief

Mboweni announces R2 billion in personal tax relief

Relief for taxpayers will come through above-inflation increases in all tax brackets and will be welcome news, although excise duties on alcohol and tobacco go up along with a 25 cent a litre increase in fuel levies.