CNBC Africa, Africas leading business and finance channel, sat with a panel of experts at the Johannesburg Stock Exchange (JSE) on Thursday, January 26th, to unpack the exclusive insights shared at the World Economic Forum 2017 in Davos, Switzerland.
Nedbank CEO, Mike Brown, opened the floor reflecting on team South Africas positive experience in Davos as compared to 2016 when an imminent credit downgrade and energy shortages had painted a negative outlook for South Africa. Fast forward to 2017, Brown highlighted the progress made by business, government and labour as a direct result of working together in building the economy.
On the world stage however, the Africa agenda received minimal attention compared to previous years, with South Africa being absorbed into a general African discussion rather than owning its own space on the agenda. Nku Nyembezi-Heita, Chairperson of the JSE, attributed this to the inward shift in focus being experienced with countries across the globe, making reference to Donald Trump of the United States and Brexit. As such, Nyembezi-Heita stressed the need to work harder on the core issues that people look at in order to rekindle that interest in South Africa.
Siyabonga Gama, CEO of Transnet provided some insight into discussions around inclusive growth that provides hope for citizens at all levels of affluence.
Global Shaper, Zamantungwa Khumalo of Tshwane Hub built on this by voicing her concern on whether tangible efforts are being made by leaders in order to bring about change. Khumalo stated that strides being made by public and private sectors may come across as disingenuous to those who live in a different reality to others more affluent.
For the full broadcast of Davos In Focus, visit http://www.cnbcafrica.com/video/?ytid=M1JgK7WodKs
The World Economic Forum on Africa discussion takes place in Durban May 3rd-5th 2017
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About CNBC Africa:
CNBC Africa is Africas most powerful multiplatform business media brand; owned by Africa Business News and headquartered in Johannesburg, is part of the global CNBC family, reaching audiences in over 100 countries. Together with its companion site CNBCAfrica.com, CNBC Africa focuses on business, money, finance and economic news originating from Sub Saharan Africa. CNBC is available in 90% of Sub Saharan Africa through DTH and Satellite TV operator, MultiChoice Africa, DStv and StarTimes Nigeria. You can also access CNBC Africa through our digital live stream. CNBC has bureaus in over 15 cities, including, Lagos, Abuja, Johannesburg, Cape Town, Nairobi, Accra, Kigali. CNBC currently has an estimated patronage of over 500,000 viewers in South Africa. Viewership data in other markets is not currently available.
ABN offers a holistic approach to telling Africa's business story - first. With much-esteemed international brands such as CNBC Africa and Forbes Africa providing a broadcast and print platform respectively, the ABN conglomerate also offers resources to organize world-class events across the African continent, through ABN Event Productions. The recently-launched ABN Training Institute boasts state-of-the-art facilities to provide media training among many other courses, while ABN Digital is the company's online presence for your up-to-date business and markets news. Through its sub-brands, ABN aims to be Africa's leading aggregator and distributor of business.