The Japan Times - Five things to know about the first G20 held in Africa

EUR -
AED 4.334666
AFN 77.900095
ALL 96.685479
AMD 448.694275
ANG 2.112836
AOA 1082.337912
ARS 1713.79929
AUD 1.694419
AWG 2.124545
AZN 2.005766
BAM 1.954033
BBD 2.387541
BDT 144.978905
BGN 1.982165
BHD 0.445065
BIF 3526.345066
BMD 1.180303
BND 1.506906
BOB 8.220567
BRL 6.210516
BSD 1.185428
BTN 108.401979
BWP 15.613589
BYN 3.394331
BYR 23133.933487
BZD 2.384044
CAD 1.613958
CDF 2543.552008
CHF 0.918972
CLF 0.025872
CLP 1021.553077
CNY 8.198976
CNH 8.187477
COP 4263.253457
CRC 588.626555
CUC 1.180303
CUP 31.278022
CVE 110.165385
CZK 24.3032
DJF 211.089126
DKK 7.468307
DOP 74.930651
DZD 153.353162
EGP 55.572902
ERN 17.704541
ETB 184.925926
FJD 2.604456
FKP 0.861331
GBP 0.863167
GEL 3.180899
GGP 0.861331
GHS 12.998247
GIP 0.861331
GMD 86.741709
GNF 10409.789325
GTQ 9.095775
GYD 248.005745
HKD 9.219445
HNL 31.316093
HRK 7.535293
HTG 155.479942
HUF 380.936215
IDR 19803.119186
ILS 3.65993
IMP 0.861331
INR 106.529816
IQD 1552.889245
IRR 49720.252642
ISK 145.200468
JEP 0.861331
JMD 186.265181
JOD 0.836862
JPY 183.585472
KES 152.908055
KGS 103.218032
KHR 4776.383798
KMF 493.366547
KPW 1062.272456
KRW 1712.289129
KWD 0.36253
KYD 0.987803
KZT 598.623775
LAK 25492.948383
LBP 106151.713903
LKR 367.086512
LRD 219.891167
LSL 18.978739
LTL 3.485127
LVL 0.713953
LYD 7.489228
MAD 10.809925
MDL 20.068853
MGA 5290.183051
MKD 61.644021
MMK 2478.619753
MNT 4207.336901
MOP 9.536237
MRU 47.107923
MUR 53.880544
MVR 18.235445
MWK 2056.982346
MXN 20.515491
MYR 4.657524
MZN 75.244069
NAD 18.978899
NGN 1653.65118
NIO 43.654368
NOK 11.443584
NPR 173.578342
NZD 1.962897
OMR 0.453826
PAB 1.185428
PEN 3.99259
PGK 5.083409
PHP 69.496818
PKR 332.067813
PLN 4.221913
PYG 7881.872934
QAR 4.333382
RON 5.095842
RSD 117.441308
RUB 90.236055
RWF 1734.368902
SAR 4.426205
SBD 9.510999
SCR 17.774333
SDG 709.949829
SEK 10.564636
SGD 1.500655
SHP 0.885533
SLE 28.88796
SLL 24750.357209
SOS 678.009658
SRD 44.881036
STD 24429.883467
STN 24.497151
SVC 10.372577
SYP 13053.646429
SZL 18.983988
THB 37.181532
TJS 11.071589
TMT 4.142863
TND 3.420008
TOP 2.841885
TRY 51.318734
TTD 8.025811
TWD 37.254961
TZS 3054.718851
UAH 51.08951
UGX 4234.171314
USD 1.180303
UYU 45.988416
UZS 14491.89592
VES 436.466011
VND 30683.149741
VUV 140.640991
WST 3.199542
XAF 655.875164
XAG 0.014374
XAU 0.000247
XCD 3.189827
XCG 2.136359
XDR 0.815674
XOF 655.364397
XPF 119.331742
YER 281.354641
ZAR 18.912758
ZMK 10624.131341
ZMW 23.262965
ZWL 380.056997
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.0300

    24.08

    +0.12%

  • JRI

    0.0700

    13.15

    +0.53%

  • BCC

    0.9400

    81.75

    +1.15%

  • CMSC

    -0.0100

    23.75

    -0.04%

  • BCE

    -0.0300

    25.83

    -0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • NGG

    -0.6600

    84.61

    -0.78%

  • BTI

    0.3100

    60.99

    +0.51%

  • RIO

    1.4900

    92.52

    +1.61%

  • GSK

    0.8700

    52.47

    +1.66%

  • RELX

    -0.2700

    35.53

    -0.76%

  • AZN

    1.3100

    188.41

    +0.7%

  • BP

    -0.1800

    37.7

    -0.48%

  • RYCEF

    0.7000

    16.7

    +4.19%

  • VOD

    0.2600

    14.91

    +1.74%

Five things to know about the first G20 held in Africa
Five things to know about the first G20 held in Africa / Photo: PHILL MAGAKOE - 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.

S.Yamamoto--JT