As part of its G20 Presidency, South Africa recently launched the Business 20 (B20) forum and hosted the inaugural meeting of G20 Finance Ministers and Central Bank Governors in Cape Town. The B20 forum is intended to run parallel to the G20 meeting to be held in November later this year. It will serve as a platform for the global business community to complement the G20’s focus on governance and macro-economics with actionable insights and market-driven solutions.
The B20’s launch amidst escalating geopolitical tensions and economic uncertainty. South African President Cyril Ramaphosa outlined the country’s priorities during the country’s presidency of the G20, including addressing debt vulnerabilities, financing the just energy transition, disaster response and resilience building, and the role of critical minerals in green industrialisation. The B20 meeting alongside the G20 is a space for the private sector to be part of global economic governance.
