South Africa has formally taken over the presidency of the G20, a moment President Cyril Ramaphosa described as highly significant for the nation.

South Africa officially assumed the presidency of the G20 on Sunday, marking a historic moment as the first African nation to lead the group of the world’s major economies. President Cyril Ramaphosa described the occasion as significant for the country.

“The G20 is an important formation. Our economy is rather small, but we are part of the G20, so we are hitting way above our own weight by dint of the positioning we have in the world, and also the many positions we have taken and the strength of our economy as well,” Ramaphosa stated during an event in Thabazimbi, located in the northern Limpopo province.

The president highlighted the G20’s global significance, noting that its member countries account for approximately 75% of world trade. As chair of this influential bloc for a year, South Africa holds a pivotal role on the global stage.

Focus on "Solidarity, Equality, and Sustainability"

Ramaphosa emphasized that during its G20 presidency, South Africa will work closely with the United States, particularly as Washington prepares to assume the G20 presidency in 2026.

Two weeks prior, Ramaphosa announced that South Africa's presidency would center on fostering inclusive economic growth and sustainable development. The adopted theme, "solidarity, equality, and sustainability," underscores these goals.

He outlined plans to strengthen the pursuit of the Sustainable Development Goals (SDGs) and support initiatives outlined in the Pact for the Future. Ramaphosa also stressed the importance of standing in solidarity with populations facing crises, citing Gaza, Sudan, and Ukraine as examples. He urged the G20 to assist countries most vulnerable to pandemics and global public health emergencies.

Tackling Inequality and Elevating the Global South

The president identified inequality as a critical threat to global economic growth and stability, pledging to address this challenge during South Africa's presidency. He also committed to advocating for the development priorities of both the African continent and the broader Global South, ensuring their issues take center stage on the G20 agenda.

Ramaphosa's leadership aims to position South Africa as a key player in shaping a more equitable and sustainable global economic framework.