In 2016, the South African delegation at the World Economic Forum (WEF) on Africa in Rwanda endured three days of answering tough questions from concerned investors and development financiers.
Some of the questions seek clarity on Barclays Bank’s pull-out, while others want to know more about developments at the African Bank.
The Banking Association’s Managing Director, Cas Coovadia, says investors are mainly seeking clarity on issues that they read about in the papers.
“They want to know what the banking sector is like, they want to know about the Barclays pull out and contextual that, some people asked me about the African bank. To talk about the sector to assure them it is very stable.”
Deputy Reserve Bank Governor, Daniel Mminele, has also been having a series of meeting with investors on the side-lines of the forum in Rwanda.
Mminele says investors want to know what’s happening in South Africa.
“People are concerned about where the sources of growth are going to be and the South African delegation made sure that under the banner that we went to battle with of ensuring that SA is open for business.”
Meanwhile, Telecommunications and Postal Service Minister Siyabonga Cwele says government may be forced to use legislation to compel mobile operators to introduce a free roaming service in the SADC region.
Cwele was speaking to the SABC on the side-lines of the World Economic Forum underway in Kigali, Rwanda.
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