Cape Town - South African delegates attending this year’s
World Economic Forum in Davos, Switzerland will pay about R358 000 to attend
the exclusive, invite-only event, a report says.
The hefty price tag includes travel expenses, accommodation
and attending various events, MoneyWeb reported.
South Africa has sent 126 delegates this year, nine of whom
The delegates include President Jacob Zuma, Nedbank CEO Mike Brown, Trade and
Industry Minister Rob Davies, Minister of Finance Pravin Gordhan, CEO of
Discovery Adrian Gore, Minister in the Presidency Trevor Manuel, Transnet CEO
Brian Molefe, Labour Minister Mildred Olifant, and JSE CEO Nicky Newton King.
A flight ticket from Johannesburg to Davos costs about R31
184 a person, while a stay at a three star hotel at the resort costs about $530 (appoximately R4 791) a night, which translates to R47 488
for nine ministers, the report said.
A basic membership ticket to attend the event costs $19 000 (appoximately R171 760)
a head, but faith leaders, social entrepreneurs and non-governmental
organisation representatives are exempt. A premium membership ticket which
allows you to rub shoulders with influential politicians and businesspeople
costs a whopping $500 000 a head.
The World Economic Forum is an annual meeting that gathers
some of the world's leading politicians and economists and is viewed as a
global think tank.
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