Economy

SA President to launch G20 Presidency on Monday

Date: Nov 28, 2024

South Africa’s (SA) President Cyril Ramaphosa will on Monday launch the South African G20 Presidency for 2025.

Brazil’s President Lula da Silva handed over the presidency to Ramaphosa during the recent G20 leaders’ summit in Rio de Janeiro.

This will be the first time an African country leads the G20 for a rotational one-year term.

Brazil held the G20 Presidency during 2024 and South Africa will at the end of its term hand over the G20 Presidency to the United States of America.

The G20 is a forum of the largest economies in the world that meet regularly to discuss the most pressing issues facing the global economy.

The Presidency says under SA’s leadership, Pretoria seeks to provide strategic direction in establishing a more equitable, representative and fit-for-purpose international order.

--SABC--

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