PRESIDENT Cyril Ramaphosa announced on Thursday that South Africa will continue to expand trade and investment opportunities with global trade partners to attract investment and financing.
According to the President, who was delivering his State of the Nation Address (SONA), this will be done through participation in multilateral forums such as the G20, or Group of Twenty, which will be hosted in the country in 2025.
The G20 comprises 19 countries and the European Union, with members representing about 85% of the global gross domestic product (GDP) and over 75% of the global trade, and about two-thirds of the world population.
“This year South Africa assumes the Chairship of the BRICS group of countries,” the President said in his address.
The focus will be on collaboration on sustainable development, the Just Energy Transition, industrialisation and the implementation of the (African Continental Free Trade Area) AfCFTA.
In addition, South Africa,
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