Addressing leaders at the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings, the SARB Governor highlighted the systemic risks posed by the insurance gap.

DURBAN (Reuters) - South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that an "African agenda" including climate change and cross-border payment systems was still due to be discussed by G20 finance chiefs amid fears that tariffs would overshadow the gathering.

Deputy President Shipokosa Paulus Mashatile has today, Friday, 18 July 2025, concluded a successful Working Visit to the People’s Republic of China, aimed at strengthening bilateral relations and economic cooperation between South Africa and China.

G20 finance chiefs, meeting in Durban, underscored the crucial role of central bank independence amid global tensions. Their communique, reflecting cooperation, was notable despite U.S. absence. It also highlighted issues like WTO reform and stressed addressing economic vulnerabilities in low-income nations.

South Africa should join others at the G20 to support universal social protection systems, and not means-tested systems that base eligibility for support on income, ...

G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.

"The G20 was built around a presumption that all the world's major economies shared a common interest in a stable, relatively open global economy," said Brad Setser of the Council on Foreign Relations. "But Trump doesn't really care about stability and wants a more closed global economy."

Deputy Minister of Forestry, Fisheries and the Environment, Narend Singh, has urgently called for global leaders to address climate action and provide the necessary support for mitigation and adaptation.