South Africa's National Treasury released an update on Minister of Finance Enoch Godongwana’s delegation to the 2026 World Economic Forum in Davos, focusing on meetings with global investors, potential investors and business partners and on presenting evidence of progress on growth-oriented reforms. Engagements highlighted South Africa’s removal from the Financial Action Task Force grey list, an upgrade to the sovereign credit rating by S&P Global, and Operation Vulindlela reforms cited as stabilising electricity supply, improving port and freight rail operations and lifting infrastructure investment. Godongwana also reiterated a commitment to stabilise debt in the current fiscal year and pointed to the recent lowering of the inflation target as supportive of lower economy-wide costs and greater policy and price certainty for investors. The update also notes a World Economic Forum press conference where Team South Africa reported on its 2025 G20 Presidency and said it would continue to act as a mediator on debt relief, climate and infrastructure finance, global tax rules and reform of multilateral institutions.
National Treasury (South Africa) 2026-01-23
South Africa's National Treasury showcases reform progress and investor milestones at Davos World Economic Forum
South Africa's National Treasury reported on Finance Minister Enoch Godongwana's participation at the 2026 World Economic Forum in Davos, highlighting meetings with investors and progress on growth-oriented reforms. Key points included South Africa's removal from the Financial Action Task Force grey list, a credit rating upgrade by S&P Global, and commitments to stabilise debt and support lower economy-wide costs through a reduced inflation goal.