South Africa aims to forge G20 accord despite ongoing US enmity
South Africa expressed confidence that it can get finance ministers and central bank governors from the Group of 20 nations to agree on a communique for the first time since it assumed the leadership of the bloc, despite differences between the US and its other members.
Discussions in the lead-up to a meeting at a resort near the eastern port city of Durban this week laid a strong foundation for consensus to be reached, Duncan Pieterse, the director-general of South Africa’s National Treasury, said in an opening address to officials on Monday.
“We are very pleased with the collaborative spirit shown during the virtual discussions we had last week and we believe that we are able to achieve agreement in most of the areas,” he said. “We believe that those engagements have set a very strong foundation for our discussions.”
The meeting is the fourth of its kind to be held since South Africa took over the presidency of the G20 from Brazil, a tenure than has been largely overshadowed by Donald Trump’s return to the White House and his plans to hike tariffs on most imports into the US. None of the previous meetings produced a consensus accord, with delegates failing to reach agreement on climate financing and a range of other issues.
US enmity toward South Africa and its aims of using its G20 presidency to promote solidarity, equality and sustainability continues, with its Treasury Secretary Scott Bessent skipping this week’s talks once again.
“We are, of course, meeting at a moment of ongoing uncertainty in the global economy, while there are signs of resilience in some areas, various challenges do remain,” Pieterse said. “The multilateral system is being tested, and our collective ability to respond will shape the pace of our recovery, but also the prospects for inclusive and sustainable development.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Stewarts & Lloyds is a leading steel, tube, and engineering product supplier in South Africa.
VISIT SHOWROOM
ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
