#WEFAfrica17: The essence of leadership

The executive chairman of the World Economic Forum (WEF) Klaus Schwab .Xinhua/Martin Zabala

The executive chairman of the World Economic Forum (WEF) Klaus Schwab .Xinhua/Martin Zabala

Published May 4, 2017

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Durban - The

essence of leadership today rests in three values: respect for human leadership

and diversity, to serve communities you belong to above self-interest and to be

a trustee for future generations.

World Economic

Forum (WEF) chairman Professor Klaus Schwab stressed these at the end of his speech and at the end of the

session "Africa in the New Global Context" at the WEF on Africa

meeting in Durban on Thursday.

"Everywhere,

there is a crisis of leadership," he said.

"Why?"

"People feel

they live in a precarious situation ... they expect fast solutions for

complicated problems and many populists are exploiting this situation," he

said.

"But, in the

end, we can have a prosperous and peaceful world if we come back to being

value-based, he said.

He said the

Fourth Industrial Revolution would bring about a new dividing line -- those who

embrace the future and new opportunities and those who looked back and struggle

in suppression.

Schwab said a

challenge for the future was solving youth unemployment by 2030, especially in

Africa where one in four young people will be living.

South Africa's

President Jacob Zuma, who also spoke at the session, said in response to a

question from a youth representative from the floor that his recent reshuffle

had involved placing younger people in Cabinet positions and said of opposition

to such moves: "That's democracy".

The youth

representative, from Mozambique, has asked how youth participation could be

speeded up, adding that he would elderly by the time plans were scheduled to

have taken effect and that younger people were not represented in governments.

"When we try

to protest peacefully, governments send tanks out.

"How do we

speed up the process? “he asked.

Zuma replied that

he had joined the struggle against apartheid as a young man in his 20s and at

times he and comrades wondered if they would ever be free.

He called on the

youth to participate in bringing about change along with the elders.

He also joked

that he needed to know which countries' governments were sending out tanks as

he wold then have to "talk with his brothers".

Zuma also spoke

out against the removal of "billions taken out of Africa each year",

saying this money should be used for funding the continents own development.

"We are

encouraged by the work of the financial task force, “he said.

"One of its

recommendations is that countries should identify, assess and understand money

laundering and terrorism financing and should take action."

Ending off the

session, Schwab stressed the importance of education and the need to create

skills.

"The future

does not belong to capitalism, it belongs to talentism," he said.

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