South Africa plans to use its G20 presidency to promote investment in Africa

South Africa intends to use its G20 presidency to promote investment in Africa's infrastructure and manufacturing sector. The aim is to support the continent's integration into global trade, according to Deputy Minister of Trade, Industry and Competition, Andrew Whitfield, reports ENA, a partner of TV BRICS.

Whitfield said the priorities of the G20 working group will focus on four key areas: trade and inclusive growth, an adaptive trade agenda to address global challenges, green industrialisation and World Trade Organisation (WTO) reform.

"Africa is poised to be the next frontier for global growth. With its abundant natural resources and the youngest population, Africa offers immense potential," he noted.

The meeting brought together representatives of G20 member and invited countries, as well as international organisations such as the WTO and the UN Conference on Trade and Development.

"Through our G20 presidency, South Africa is committed to advancing global cooperation and building strong partnerships that will drive growth and development for all," Deputy Minister said.

South Africa assumed the G20 presidency on 1 December 2024 and will host a leaders' summit in November this year.

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