The Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, is currently in Davos for the annual meeting of the World Economic Forum. "We have a tough year ahead, but there are signs of resilience," she said.

Gogoro and Belrise have inked a deal with the government of Maharashtra to set up battery swapping infrastructure across the state. The infrastructure deployment will be the world's largest sustainability-focused portable energy system to date, Gogoro claimed in a statement.

Mr Ramaphosa was supposed to head a South African group to the Swiss town to pitch the nation as an investment location.