The China Mail - Five things to know about the first G20 held in Africa

USD -
AED 3.672504
AFN 63.503991
ALL 83.192586
AMD 375.730804
ANG 1.790083
AOA 917.000367
ARS 1385.503978
AUD 1.450747
AWG 1.8
AZN 1.70397
BAM 1.693993
BBD 2.007535
BDT 122.298731
BGN 1.709309
BHD 0.376597
BIF 2960.807241
BMD 1
BND 1.28353
BOB 6.91265
BRL 5.255304
BSD 0.996752
BTN 94.473171
BWP 13.741284
BYN 2.966957
BYR 19600
BZD 2.004591
CAD 1.38985
CDF 2282.50392
CHF 0.795017
CLF 0.023433
CLP 925.260396
CNY 6.91185
CNH 6.92017
COP 3662.985579
CRC 462.864319
CUC 1
CUP 26.5
CVE 95.504742
CZK 21.309304
DJF 177.489065
DKK 6.492704
DOP 59.330475
DZD 133.010264
EGP 52.642155
ERN 15
ETB 154.083756
EUR 0.866104
FJD 2.257404
FKP 0.75231
GBP 0.750441
GEL 2.680391
GGP 0.75231
GHS 10.921138
GIP 0.75231
GMD 73.503851
GNF 8739.335672
GTQ 7.62808
GYD 208.64406
HKD 7.82615
HNL 26.46399
HRK 6.545204
HTG 130.656966
HUF 338.020388
IDR 16990.8
ILS 3.13762
IMP 0.75231
INR 94.782504
IQD 1305.703521
IRR 1313250.000352
ISK 124.760386
JEP 0.75231
JMD 156.892296
JOD 0.70904
JPY 160.28704
KES 129.470356
KGS 87.450384
KHR 3992.031527
KMF 428.00035
KPW 899.886996
KRW 1508.410383
KWD 0.30791
KYD 0.830627
KZT 481.867394
LAK 21678.576069
LBP 89256.247023
LKR 313.975142
LRD 182.893768
LSL 17.115586
LTL 2.95274
LVL 0.60489
LYD 6.362652
MAD 9.315751
MDL 17.507254
MGA 4153.999394
MKD 53.388766
MMK 2102.490525
MNT 3571.507434
MOP 8.042181
MRU 39.797324
MUR 46.770378
MVR 15.450378
MWK 1728.292408
MXN 18.122104
MYR 3.924039
MZN 63.950377
NAD 17.115586
NGN 1383.460377
NIO 36.680958
NOK 9.70286
NPR 151.156728
NZD 1.745963
OMR 0.38408
PAB 0.996752
PEN 3.472089
PGK 4.307306
PHP 60.550375
PKR 278.184401
PLN 3.72275
PYG 6516.824737
QAR 3.634057
RON 4.427304
RSD 101.684639
RUB 81.295743
RWF 1455.545451
SAR 3.752751
SBD 8.042037
SCR 15.03876
SDG 601.000339
SEK 9.47367
SGD 1.292704
SHP 0.750259
SLE 24.550371
SLL 20969.510825
SOS 569.659175
SRD 37.601038
STD 20697.981008
STN 21.220389
SVC 8.721147
SYP 111.824334
SZL 17.114027
THB 32.495038
TJS 9.523624
TMT 3.5
TND 2.938634
TOP 2.40776
TRY 44.440368
TTD 6.772336
TWD 32.044404
TZS 2571.564679
UAH 43.689489
UGX 3713.134988
UYU 40.344723
UZS 12155.385215
VES 467.928355
VND 26337.5
VUV 119.756335
WST 2.77551
XAF 568.149495
XAG 0.014291
XAU 0.000222
XCD 2.70255
XCG 1.796371
XDR 0.706596
XOF 568.149495
XPF 103.295656
YER 238.603589
ZAR 17.12001
ZMK 9001.203584
ZMW 18.763154
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • GSK

    -0.1000

    53.84

    -0.19%

  • BCE

    -0.2200

    25.25

    -0.87%

  • CMSD

    -0.0900

    22.66

    -0.4%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • RYCEF

    -0.5900

    14.65

    -4.03%

  • BTI

    0.3749

    57.8

    +0.65%

  • RELX

    -0.1000

    31.97

    -0.31%

  • NGG

    -0.4800

    81.92

    -0.59%

  • RIO

    0.8500

    86.64

    +0.98%

  • BP

    0.5100

    46.68

    +1.09%

  • BCC

    0.1400

    74.43

    +0.19%

  • JRI

    -0.2700

    11.8

    -2.29%

  • AZN

    5.0200

    188.42

    +2.66%

  • VOD

    -0.1400

    14.49

    -0.97%

Five things to know about the first G20 held in Africa
Five things to know about the first G20 held in Africa / Photo: © AFP

Five things to know about the first G20 held in Africa

Leaders of the world's largest economies meet in Johannesburg on November 22 and 23 for the G20 summit, being held for the first time in Africa.

Text size:

Here are five things to know about the annual meeting, which is taking place at a time of heightened global instability and tensions between Pretoria and Washington.

- First in Africa -

Founded in 1999, the Group of 20 (G20) leading economies comprises 19 countries and two regional bodies -- the European Union and the African Union (AU).

With its rotating presidency held by South Africa this year, the summit will be in Africa for the first time.

G20 members represent 85 percent of the world's GDP and about two-thirds of its population.

South Africa is the only member state from the continent, although the AU was admitted as a group in 2023.

- 'Solidarity, Equality, Sustainability' -

Pretoria lists its priorities for its G20 presidency as strengthening disaster resilience, debt sustainability for low-income countries, financing a "just energy transition", and harnessing "critical minerals for inclusive growth and sustainable development".

Its theme is "Solidarity, Equality, Sustainability".

South Africa, ranked by the World Bank as the world's most unequal country, commissioned an expert team to analyse global wealth inequality and offer solutions to the summit.

The team, led by Nobel Prize-winning economist Joseph Stiglitz, called for the creation of an intergovernmental panel to tackle the "inequality emergency" that leaves 2.3 billion people hungry worldwide.

- US boycott -

US President Donald Trump said this month no US officials would attend the summit, and called South Africa's presidency a "total disgrace".

Trump has singled out South Africa for harsh treatment on a number of issues since he returned to the White House in January, notably making false claims of a "white genocide", and slapped it with 30 percent tariffs, the highest in sub-Saharan Africa.

A US boycott could undermine South Africa's agenda -- but Pretoria said it was still looking forward to a "successful" summit.

- Johannesburg in the spotlight -

The G20 leaders' meeting will be hosted at the Nasrec Expo Centre, South Africa's largest purpose-built conference venue.

Situated on the edge of the iconic Soweto township and chosen as a symbol of post-apartheid "spatial integration", the venue hosts large-scale events such as the ruling African National Congress annual congress.

The event has brought attention to the plight of the city that was formed in a gold rush in the late 1880s and is now home to around six million people, according to official July estimates.

Home to Africa's richest square mile, Johannesburg is also scarred by crumbling infrastructure, lack of services and chronic mismanagement.

President Cyril Ramaphosa lashed out at the disrepair in March and demanded improvements. The African Development Bank in July approved a $139 million loan for upgrades.

- End of a 'Global South' run -

South Africa will hand the G20 to the United States, marking the end of a cycle of "Global South" presidencies following those of Brazil, India and Indonesia.

Trump has said he planned to radically reduce the platform, which has over the years expanded to include multiple working groups and social issues beyond its original financial scope.

The US president has also questioned whether South Africa should "even be in the Gs any more", raising questions about the G20's future.

O.Yip--ThChM