Minister Tau on positioning South Africa as global market
South Africa's top government and business leaders convened at a Pre-World Economic Forum Annual Meeting breakfast in Sandton earlier today. CNBC Africa's Fifi Peters was there and she spoke to the Minister of Trade, Industry and Competition Parks Tau about the messaging Team SA will be taking to Davos this year.
Thu, 16 Jan 2025 10:54:04 GMT
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AI Generated Summary
- South Africa's role as president of the G20 provides a platform to lead discussions on global business and economic governance
- The country emphasizes Africa's importance in the global market, focusing on the Africa Continental Free Trade Area and the potential for investment in the continent
- Minister Tau addresses concerns around increased protectionism and highlights the progress made in structural reforms to attract foreign investment
South Africa's Minister of Trade, Industry, and Competition, Parks Tau, highlighted key messages that the country will be presenting at the World Economic Forum in Davos this year. Speaking at a Pre-World Economic Forum Annual Meeting breakfast in Sandton, Minister Tau outlined the country's position as the president of the G20, emphasizing the unique opportunity it provides to lead discussions on global business and economic governance. Additionally, he underscored the importance of Africa's role in the global market, particularly in finalizing the implementation of the Africa Continental Free Trade Area. Minister Tau also addressed concerns around increased protectionism in the global economy, stating that South Africa remains engaged with the US government to foster economic cooperation and investment. Moreover, he expressed concerns about the impact of industrial protection measures on the global South and emphasized the need for equitable global trade practices. Minister Tau also highlighted the progress South Africa has made in structural reforms, particularly in the electricity and logistics sectors, showcasing a partnership between government and business that is attractive to potential investors.
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