South Africa Makes Significant Progress in G20 Preparations with 80 Meetings Completed
South Africa makes significant progress in G20 preparations with 80 meetings completed, as the Minister in the Presidency, Khumbudzo Ntshavheni, announced on Thursday that nearly 80 of the 132 planned official meetings have already taken place, showcasing active dialogue among member nations as negotiations on Ministerial outcome documents commence. This update highlights the country’s pivotal role in hosting the G20 Leaders’ Summit later this year, with a focus on global financial reforms, empowerment initiatives, and sustainable development to address pressing international challenges.
Steady Advancement in G20 Calendar and Key Engagements
As South Africa gears up for the G20 Leaders’ Summit in November 2025, the government has reported strong momentum in its preparatory efforts. Minister Ntshavheni, briefing the media in Pretoria following Wednesday’s Cabinet meeting in Cape Town, confirmed that the G20 calendar is on track. With 80 of the 132 scheduled meetings already wrapped up, the process demonstrates robust participation from member states and a commitment to collaborative problem-solving.
These meetings have covered a wide range of topics, from economic stability to social equity, laying the groundwork for the summit’s outcomes. Ntshavheni emphasised that negotiations on Ministerial declarations and high-level results are underway, ensuring that the summit produces actionable commitments. This progress aligns with South Africa’s theme for its G20 Presidency: “Solidarity, Equality, and Sustainability,” which prioritises inclusive growth, poverty reduction, and climate action for developing nations.
The United States has signalled its full engagement in the remaining meetings, though participation will be at the Under-Secretary level. Ntshavheni viewed this as a positive sign of renewed commitment from a major G20 player, fostering hope for constructive dialogue despite recent trade tensions, including the US’s imposition of tariffs on South African exports.
Launch of the Cost of Capital Review for Fairer Global Finance
In a landmark move, Cabinet welcomed South Africa’s introduction of the Cost of Capital Review, an initiative designed to create a more equitable global financial system. Ntshavheni described it as “a critical step toward creating a fairer global financial system,” particularly for developing countries striving to invest in infrastructure, healthcare, education, and climate resilience.
The review addresses how high borrowing costs hinder progress in the Global South, proposing reforms to lower these barriers and unlock funding for sustainable development. This aligns with broader G20 discussions on debt relief and financial architecture, where South Africa has advocated for measures like special drawing rights reallocations and multilateral development bank reforms. Experts estimate that reducing the cost of capital could mobilise trillions in investments, helping nations like South Africa achieve their National Development Plan goals by 2030.
July’s Intensive Meetings and Thematic Priorities
- July 2025 was a busy month for G20 activities, with several high-level gatherings setting the tone for the summit. Key sessions included:
- The Fourth G20 Finance and Central Bank Deputies Meeting, which focused on global economic recovery and inflation control.
- The Emerging Markets and Developing Economies Deputies Meeting, emphasising support for vulnerable economies amid geopolitical shifts.
- The Third Meeting of Finance Ministers and Central Bank Governors, where debt sustainability and green finance topped the agenda.
- The Third Technical Meeting of the G20 Empowerment of Women Working Group, advancing gender equality in education and employment.
- The Third Meeting of the Education Working Group, discussing digital learning and skills for the future workforce.
- The Fifth Health Working Group Meeting, prioritising pandemic preparedness and equitable vaccine distribution.
- The Third Disaster Risk Reduction Working Group Meeting, addressing climate-induced disasters.
- The Fourth Meeting of Task Force 1, likely on anti-corruption or economic crimes.
- The Second Climate and Environmental Sustainability Working Group Meeting, pushing for net-zero transitions.
These forums have produced draft documents on issues like food security, digital inclusion, and energy transitions, with South Africa championing African priorities such as the African Union’s Agenda 2063.
Engagement Groups and Their Contributions
Various G20 Engagement Groups, including Business20 (B20), Labour20 (L20), Civil20 (C20), and Youth20 (Y20), have presented their work programmes and priorities. These non-governmental forums provide input on inclusive growth, with South Africa hosting events like the B20 Inception Meeting in January 2025 and the L20 Summit planned for October. Their recommendations focus on job creation, social protection, and sustainable business practices, influencing the Leaders’ Declaration.
Challenges and Strategic Responses
While progress is evident, South Africa faces hurdles like global economic slowdowns and trade disputes. The recent US tariffs, effective from 7 August 2025, could impact exports, but Ntshavheni reiterated the government’s diversification strategy, expanding markets in Asia, Europe, the Middle East, and Africa. Cabinet also welcomed a South Africa-China Trade and Investment Package (2025–2029), shared during Deputy President Paul Mashatile’s July visit to China, targeting sectors like steel, automotive, and digital economy for mutual growth.
The G20 Sherpa Track, led by Ambassador Zane Dangor, and Finance Track, under Deputy Finance Minister David Masondo, have coordinated 15 working groups and task forces, ensuring alignment with South Africa’s priorities. Public engagement has been robust, with over 100 events planned, including cultural showcases to promote African heritage.
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