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

USD -
AED 3.672504
AFN 66.442915
ALL 83.53923
AMD 382.538682
ANG 1.789982
AOA 917.000152
ARS 1409.995101
AUD 1.528771
AWG 1.8075
AZN 1.692445
BAM 1.689625
BBD 2.013494
BDT 122.069743
BGN 1.68869
BHD 0.377003
BIF 2947.185639
BMD 1
BND 1.301634
BOB 6.907782
BRL 5.273399
BSD 0.999706
BTN 88.497922
BWP 13.360229
BYN 3.408608
BYR 19600
BZD 2.010635
CAD 1.40097
CDF 2200.00033
CHF 0.799145
CLF 0.023855
CLP 935.840053
CNY 7.11965
CNH 7.118705
COP 3759.76
CRC 502.187839
CUC 1
CUP 26.5
CVE 95.25887
CZK 20.949019
DJF 178.024086
DKK 6.450099
DOP 64.291792
DZD 130.408004
EGP 47.262968
ERN 15
ETB 153.605691
EUR 0.86373
FJD 2.27695
FKP 0.75922
GBP 0.76211
GEL 2.705012
GGP 0.75922
GHS 10.946537
GIP 0.75922
GMD 73.496125
GNF 8677.923346
GTQ 7.662868
GYD 209.125426
HKD 7.77115
HNL 26.300717
HRK 6.506599
HTG 130.828607
HUF 332.344977
IDR 16740.9
ILS 3.21044
IMP 0.75922
INR 88.627299
IQD 1309.59323
IRR 42112.496617
ISK 126.640149
JEP 0.75922
JMD 160.453032
JOD 0.708943
JPY 154.756503
KES 129.149907
KGS 87.450114
KHR 4018.850239
KMF 421.00016
KPW 899.988373
KRW 1464.905014
KWD 0.30713
KYD 0.83315
KZT 524.753031
LAK 21704.649515
LBP 89524.681652
LKR 304.188192
LRD 182.949902
LSL 17.155692
LTL 2.95274
LVL 0.60489
LYD 5.455535
MAD 9.276437
MDL 16.965288
MGA 4487.985245
MKD 53.15606
MMK 2099.257186
MNT 3579.013865
MOP 8.004423
MRU 39.668779
MUR 45.869619
MVR 15.404996
MWK 1733.511298
MXN 18.30532
MYR 4.13195
MZN 63.949841
NAD 17.155766
NGN 1438.709953
NIO 36.793386
NOK 10.046803
NPR 141.595718
NZD 1.768205
OMR 0.384498
PAB 0.999711
PEN 3.36655
PGK 4.287559
PHP 59.178979
PKR 282.685091
PLN 3.65568
PYG 7055.479724
QAR 3.654247
RON 4.391303
RSD 101.266984
RUB 81.298979
RWF 1452.569469
SAR 3.750421
SBD 8.237372
SCR 14.051706
SDG 600.4961
SEK 9.454825
SGD 1.303265
SHP 0.750259
SLE 23.198945
SLL 20969.499529
SOS 571.30022
SRD 38.573989
STD 20697.981008
STN 21.165667
SVC 8.7479
SYP 11056.952587
SZL 17.149299
THB 32.475028
TJS 9.227493
TMT 3.5
TND 2.950679
TOP 2.342104
TRY 42.24175
TTD 6.779061
TWD 31.055801
TZS 2448.600794
UAH 41.988277
UGX 3559.287624
UYU 39.782986
UZS 11986.678589
VES 230.803899
VND 26352
VUV 122.202554
WST 2.815308
XAF 566.684377
XAG 0.019323
XAU 0.000242
XCD 2.70255
XCG 1.80176
XDR 0.704774
XOF 566.681929
XPF 103.029282
YER 238.469553
ZAR 17.124485
ZMK 9001.197594
ZMW 22.518444
ZWL 321.999592
  • RBGPF

    0.5700

    78.52

    +0.73%

  • CMSC

    0.0800

    23.97

    +0.33%

  • RYCEF

    -0.1600

    15.03

    -1.06%

  • RELX

    0.4500

    42.48

    +1.06%

  • BP

    0.2300

    37.35

    +0.62%

  • RIO

    0.0300

    70.32

    +0.04%

  • AZN

    1.6100

    89.09

    +1.81%

  • BTI

    0.3400

    55.76

    +0.61%

  • GSK

    1.0500

    48.41

    +2.17%

  • NGG

    -0.0200

    77.31

    -0.03%

  • SCS

    0.0100

    15.75

    +0.06%

  • CMSD

    0.1600

    24.32

    +0.66%

  • JRI

    0.1400

    13.82

    +1.01%

  • BCC

    -0.2000

    69.63

    -0.29%

  • BCE

    0.4700

    23.41

    +2.01%

  • VOD

    0.9700

    12.67

    +7.66%

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