South Africa

Government has welcomed the South African Reserve Bank’s (SARB) decision to cut the repo rate by 25 basis points to 6.75%, with the prime lending rate now at 10.25%.

The G20 Sustainable Industrial Policy Report provides a strong foundation for collective action towards building diversified economic structures , said the Deputy Minister of Trade, Industry and Competition, Zuko Godlimpi.

The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa is calling for bold partnerships, innovation, and inclusive growth to transform historically marginalised coastal regions into vibrant economic hubs.

The Department of Women, Youth and Persons with Disabilities (DWYPD) has welcomed President Cyril Ramaphosa’s announcement declaring Gender-Based Violence and Femicide (GBVF) a national crisis.

The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa, has handed over a sewer infrastructure project that will help residents of Emfuleni in Gauteng.

President Cyril Ramaphosa says South Africa has received notice from the United States indicating a possible change of approach regarding its participation in the G20 Leaders’ Summit, describing the development as a “very positive” sign.

President Cyril Ramaphosa, together with President of the European Council António Costa and President of the European Commission Dr Ursula von der Leyen, have reaffirmed the deepening of the South Africa–European Union partnership at a trilateral meeting held ahead of the G20 Leaders' Summit. 

Brazil’s Minister of Human Rights, Macaé Evaristo, has heralded South Africa’s embrace and expansion of the Brazilian-initiated G20 Social Summit aimed at placing human dignity and civil society at the heart of the world’s most powerful economic forum.

President Cyril Ramaphosa says the G20 process is moving ahead decisively with or without the United States after US President Donald Trump threatened to block the adoption of any joint declaration under South Africa’s G20 Presidency.

Ahead of the G20 Leaders’ Summit at the weekend, Deputy President Paul Mashatile will host French President Emmanuel Macron to commemorate the French citizens who played a role in the fight against apartheid in South Africa.

In symbolic finale to the G20 Social Summit, a collective declaration representing the voices of workers, civil society, youth, women, persons with disabilities, and vulnerable communities across the globe, was formally handed over to President Cyril Ramaphosa.

Deputy President Paul Mashatile has met with Visa executives on the sidelines of the Business 20 (B20) Summit.

The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) has decided to reduce the policy rate by 25 basis points, to 6.75%, with effect from 20 November 2025.

President Cyril Ramaphosa has described the G20 Social Summit as “possibly the best of all the G20 summits” praising it as a global gathering defined by inclusiveness, unity and the spirit of Ubuntu.

As South Africa prepares to welcome the world for its first-ever G20 Leaders’ Summit in Gauteng this weekend, delegates can look forward to a cool, partly cloudy backdrop, with the chance of scattered showers for this historic gathering.