World Business Report G20 summit opens in South Africa, despite US absence
7 snips
Nov 21, 2025 Guest
Guest(s) from South Africa (Mtho Zulu; Mayani Jones; Wandini/Wendili Silobo)
Guest
Freddie Carver
Guest
Valeria Moy
Mtho Zulu, from the South African Chamber of Commerce, discusses the G20's significance for Africa, highlighting issues like debt and climate. Mayani Jones provides insights on the implications of the absence of the US and how it could impact business engagements. Freddie Carver sheds light on the worrying budget cuts at the International Committee of the Red Cross amid a funding decline. Valeria Moy explains why the 50-peso axolotl banknote is becoming a collectible among millions of Mexicans, raising intriguing questions about currency circulation.
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Episode notes
G20's Purpose And South Africa's Moment
- The G20 gathers 20 major economies to seek economic consensus on issues like debt, AI and climate financing.
- South Africa sees its presidency as a chance to centre African priorities on global stages.
Absence Doesn't Nullify Progress
- The US absence weakens representativeness but hosts argue attendees should push consensus without being frozen by absent states.
- South African organisers emphasise progress by those present rather than stalling over absences.
Reduce Tariff Risk By Diversifying Markets
- Diversify export markets to reduce vulnerability to US tariffs, especially in autos and agriculture.
- Use regional deals like the African Continental Free Trade Area to develop alternative markets.