WEF on Africa a major boost for brand SA, to give economy a R19m injection | IOL Business Report

CAPE TOWN – The 28th World Economic Forum on Africa kicks off in Cape Town today, attracting more than 1 000 international delegates and is expected to have an economic impact of more than R19 million on the region. This was according to research by the Cape Town and Western Cape Convention Bureau, which said that the WEF on Africa would result in a sizeable injection into the local economy.

He added that the global event was set to boost the Cape economy through direct spending by the delegates, as well as boosting the brand of the Cape as an economic and ideas hub on the continent.Wesgro collaborated with Brand South Africa in their WEF Africa Media Tour, which took place yesterday. However, the country has attracted criticism from other African countries as it was rocked by an outbreak of xenophobic violence in Joburg, the economic hub and Pretoria, the administrative capital.

Source: News Formal (newsformal.com)

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVESTREAM: WEF Africa kicks offDelegates will engage and share best practices on various ways to grow their economies.
Source: eNCA - 🏆 49. / 51 Read more »

'Not the time or place': Mboweni shuts down questions on strategy ahead of WEF on AfricaAsked by a journalist whether the document had been given adequate support, Minister of Finance Tito Mboweni said the media briefing was 'not the time or the place' for that question.
Source: News24 - 🏆 4. / 80 Read more »

What to expect from WEF Africa 2019More than 1,000 regional and global leaders from politics, business, civil society and academia will meet to discuss how Africa build on its potential.
Source: ewnupdates - 🏆 30. / 53 Read more »

Stark warning on SA ahead of WEFNeal Froneman, CEO of the world's largest platinum miner, delivers a bleak assessment of SA as an investment destination and bemoans government's indecisiveness
Source: BDliveSA - 🏆 12. / 63 Read more »

Stark warning on SA ahead of WEFNeal Froneman, CEO of the world's largest platinum miner, delivers a bleak assessment of SA as an investment destination and bemoans government's indecisiveness
Source: BDliveSA - 🏆 12. / 63 Read more »

Several freeways blocked in Cape Town due to truck drivers' protest | Cape TimesSeveral freeways in the Cape Town metro have been closed due to a national protest by truck drivers, Western Cape traffic officials said. CapeTimesSA
Source: IOL - 🏆 46. / 51 Read more »