South Africa Financial News
10.09 / 05:03
country
G20 Summit 2023: 'Its an honor to...', PM Modi replies to Gita Gopinath's congratulatory message
G20 summit. Our efforts are a testament to the collective spirit of unity and progress." Meanwhile, Union Finance Minister Nirmala Sitharaman interacted with the first Deputy Managing Director of the IMF, Gita Gopinath during Ratri Bhoj par Samvad at Bharat Mandapam in the national capital.
10.09 / 03:59
Citi
Reuters
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country
week
Top news this week: From G20 Summit to India vs Bharat row and more
G20 Summit remained full of heavy engagements for the world leaders here in New Delhi including the announcement of a historic connectivity deal between India, the Middle East, and Europe. The US, India, Brazil, and South Africa reaffirmed their shared commitment to the G20, which is to deliver solutions for the shared world. Morocco's government said that 2,000 died and 329 were injured after a powerful quake, more than doubling the earlier toll.
10.09 / 03:25
country
How India navigated complex global issues to pull off a surprising G20 declaration acceptable to all
India secured a consensus on the G20 declaration, defying concerns over sharp divisions among member nations regarding the Ukraine conflict. This achievement was the result of a series of rigorous negotiations involving India, China, Russia, and other Western nations, with the backing of Brazil, South Africa, and Indonesia, a PTI report stated quoting sources. Prime Minister Narendra Modi, on the first day of the summit, surprised many by announcing the adoption of the G20 leaders' declaration with unanimous agreement.
10.09 / 03:25
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In big win for PM Modi's global south push, African Union joins G20
African Union (AU) Saturday formally took its seat as a new member of the G20 at the invitation of summit host Prime Minister Narendra Modi. In his inaugural address at the summit, Modi also expressed solidarity with Morocco as it grapples with the aftermath of a devastating earthquake and extended all the support that Rabat needs. In 2015, India had played a key role in Morocco's reinduction into the AU. The current chair of the 55-member AU is the Comoros President, who was greeted by Modi following the announcement.
10.09 / 03:25
MET
country
Joe Biden on focus of G20 Summit 2023: ‘Creating better future, quality infrastructure investment, and more’
Joe Biden on Sunday highlighted the focus of the two-day G20 Leaders' Summit in India, saying that the focus was ‘One Earth, One Family, One Future’. Biden will arrive in Vietnam on Sunday to expand ties between the two nations. In a post on X (formerly Twitter), President Biden wrote, “One Earth.
10.09 / 03:25
Cooper
Manufacturing
US President
G20 Summit: 'G20 can still drive solutions to our most pressing issues,’ says US President Joe Biden
Joe Biden on Sunday said that this year’s Summit proved that the G20 can still drive solutions to our most pressing issues. Taking to X, Biden tweeted, “At a moment when the global economy is suffering from the overlapping shocks of the climate crisis, fragility, and conflict, this year’s Summit proved that the G20 can still drive solutions to our most pressing issues." Earlier on Saturday, US President Biden highlighted the significance of the India-Middle East-Europe Corridor and affirmed the United States' commitment to collaborating with its allies to support the development of sustainable and robust infrastructure while prioritizing high-quality infrastructure investments.
10.09 / 02:35
UPS
Cooper
awards
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After G20 Summit in Delhi, global leaders to fly home tomorrow; Joe Biden to visit Vietnam today
G20 Leaders' Summit hosted in the national capital, according to a report published by the news agency ANI. The Heads of State of countries including UAE, Bangladesh, Egypt, China, Australia, UK, Argentina, Indonesia, France, Germany, Netherlands, Turkey, Japan, Italy, Spain, South Africa, Republic of Korea, Canada and Singapore will depart from Delhi on Monday. The Central government has assigned responsibilities to Union Ministers of State to see off the foreign delegates after the summit.
10.09 / 01:55
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Progressive
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India used Sherpa, ministerial tracks to reach consensus on Delhi Declaration
Ukraine-Russia war. A consensus that had seemed elusive was achieved following hard bargaining and intense discussions among all G20 negotiating teams amid key meetings, ET has learnt. The need for consensus on the New Delhi Declaration that was adopted on Saturday had also figured in the meeting between US President Joe Biden and Prime Minister Narendra Modi, in the Capital on Friday night. While India was in constant touch with Russia over the issue, external affairs minister S Jaishankar's meeting with Russian counterpart Sergey Lavrov in Jakarta played an important role, ET has learnt. Over Friday and early Saturday, the Prime Minister held critical talks on the issue with visiting leaders.
09.09 / 19:03
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PINK
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International
G20 Dinner: International delegates embrace Indian fashion, Japan First Lady dons a saree
Yuko Kishida to IMF chief Kristalina Georgieva, several top foreign dignitaries donned traditional Indian ensembles at the G-20 Dinner hosted by President Droupadi Murmu on Saturday night. For the special occasion, all guests were dressed to the nines. Many opted to embrace Indian fashion in special ways. IMF Chief Georgieva arrived at Bharat Mandapam in Delhi for the G-20 Dinner in a purple ethnic suit that she paired with a golden dupatta. She looked exquisite in Indian wear. Japanese PM Fumio Kishida's wife Yuko Kishida wore a beautiful green saree.
09.09 / 18:55
UPS
Provident
Continental
stage
country
The African Union is joining the G20, a powerful acknowledgement of a continent of 1 billion people
The decision by the Group of 20 of the world’s leading economies to admit the African Union as a permanent member is a powerful acknowledgement of Africa as its more than 50 countries seek a more important role on the global stage
09.09 / 17:21
Blockchain
Law
regulation
G20
Taxes
global crypto community
Framework
International
G20 moves forward with international crypto framework
Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets.
09.09 / 16:35
Cooper
Progressive
country
G20 Summit: India, US, Brazil, and South Africa issue joint statement; reaffirm shared commitments
ALSO READ: G20 Summit 2023 LIVE Updates Adding more, the statement said, "As the G20’s current and next three Presidencies, we will build on the historic progress of India’s G20 Presidency to address global challenges. In this spirit, together with the World Bank President, we welcome the G20’s commitment to build better, bigger, and more effective multilateral development banks.
09.09 / 15:39
Mobile
RAI
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Time
Rugby World Cup 2023: Date, time, where to watch, live streaming details and more
Rugby World Cup 2023 is underway and there are four matches to be held on Saturday. After France defeated New Zealand 27-13 on Friday in Paris, all eyes are set on Saturday games. The battle for the Webb Ellis Cup will further escalate as more teams come to the ground and upset some of the old calculations and assumptions.
09.09 / 14:21
UPS
Target
Aviat
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Strategy
country
PM Modi launches Global Biofuels Alliance
Narendra Modi on Saturday announced the launch of the Global Biofuels Alliance. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance.
09.09 / 13:47
Gap
country
India credits emerging economies for G20 breakthrough
Russia-Ukraine crisis, India worked very closely with Brazil, South Africa and Indonesia. I want to say that it was the emerging markets which played a very key role. There was very tough, very ruthless negotiations for several days non-stop," said India’s G20 Sherpa Amitabh Kant during a press briefing.
09.09 / 12:19
Cooper
inclusion
PM Modi has sought to define G20 Summit around inclusion of Global South: SA Prez spokesperson
Narendra Modi has sought to define the G20 Summit around «inclusion of the Global South» and AU joining the bloc signals a «very positive step» towards the reforms sought in the UNSC and various global multilateral financial institutions, a top South African official said on Saturday. Interacting with reporters on the sidelines of the G20 Summit here, Vincent Magwenya, also said that there has been a lot of «positive development» with respect to the Russia-Ukraine conflict this year than it was last year. «We have formalised peace process which has the support of all G20 members… The peace process going to take time.
09.09 / 12:19
China questions why US should get first shot to chair G-20 again
China has raised objections to the US hosting the Group of 20 nations in 2026 as already announced by President Joe Biden’s administration, according to four people familiar with the discussions.G-20 members rotate their presidency of the group, including the annual summit of world leaders, and the US has said it will take it on after India, Brazil and South Africa complete their respective yearlong stints. China’s objection — backed by Russia, according to one of the people — is mostly symbolic as it’s unlikely the decision will be reversed. The people asked not to be named since the discussions on the sidelines of the current G-20 in India are private. The Chinese move was first reported by the Financial Times. Beijing asked that its displeasure be recorded, according to the people, who didn’t know the reasons for China’s objections.
09.09 / 10:43
Citi
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country
G20 Summit: German chancellor Olaf Scholz sports eye patch; here is why
Olaf Scholz arrived at the G20 summit in the national capital wearing an eye patch. The latest look of the German chancellor was due to an injury that he had sustained while jogging last week in Potsdam. This morning, Prime Minister Narendra Modi warmly welcomed Scholz at the Bharat Mandapam venue ahead of the G20 Summit and also inquired about the reason behind the German Chancellor's eyepatch. Scholz had a few days ago posted a picture of himself on X which showed the patch along with and captioned it, «Am excited to see the memes.» «Thanks for the well wishes, it looks worse than it is! The 65-year-old German leader said in the post. The two-day G20 Leaders Summit is being hosted by India at the newly inaugurated Bharat Mandapam Convention Centre in Pragati Maidan, the national capital. This marks the first time that India is presiding over the G20 Summit, an organization formed in 1999 with the objective of ensuring global financial stability by including middle-income countries. India assumed the G20 presidency on December 1 last year and about 200 meetings related to G20 were organized in 60 cities across the country.
09.09 / 10:35
Cooper
Fighting
Continental
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Expect G20 to help resolve Russia-Ukraine conflict, says South Africa
G20 Summit towards resolving the ongoing Russia-Ukraine conflict, said Vincent Magwenya, spokesperson for the South African president, in New Delhi on Saturday. Magwenya also highlighted strong commitments received by South Africa from developed nations regarding climate change efforts. Speaking at the sidelines of the G20 leaders summit at the capital, Magwenya said the wording of the New Delhi Leaders’ Declaration of G20 is still being worked on.
09.09 / 07:57
09.09 / 07:13
UPS
Continental
voice
exclusive
G20 Summit: African Union becomes permanent member of G20 under India's presidency
Also Read: G20 Summit: PM Modi, Prez Biden hold bilateral talks; discuss technology, democracy Over the past few years, India has actively established itself as a prominent advocate, highlighting the issues, difficulties, and aspirations of the Global South, particularly the African continent. Prime Minister Modi has been at the forefront of these efforts, especially in advocating for the African Union's inclusion as a member of the G20.
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