WEF 2025: Ramaphosa sets out South Africa's G20 presidency priorities

South African President Cyril Ramaphosa delivered a special address at the World Economic Forum in Davos, Switzerland, where he emphasized the importance of the Government of National Unity in making South Africa an attractive investment destination. Ramaphosa highlighted the incredible feat of 10 political parties coming together to form a government within just 30 days, a task that has taken some European nations up to a year to accomplish, showcasing South Africa's commitment to stability and inclusive governance. The President outlined key priorities for South Africa's G20 presidency, focusing on cooperation with the G20 economic bloc to drive economic prosperity and address the challenges of climate change. Ramaphosa called for enhanced solidarity through collective efforts to ensure progress for all, emphasizing that no person or country should be left behind. Another critical priority for South Africa is harnessing critical minerals for inclusive growth and development, with a focus on green industrialization and investments. The President highlighted the importance of promoting beneficiation and local value addition of resources at their source, to ensure countries and local communities benefit the most from their rich resources. Ramaphosa also stressed the potential of the African continent as the next frontier of global growth and productivity, with unrivaled natural resources and a young population driving economic expansion. He sought G20 support for the African continental free trade area adjustment fund to enhance inclusive growth and regional integration. Additionally, the President called for investments in infrastructure and skills development to fuel Africa's growth and empower its youth and women. In the health sector, Ramaphosa urged G20 support for the production of pharmaceutical products to address pandemics. He also highlighted the importance of digitization, particularly in artificial intelligence, to enhance trade and development in Africa. South Africa's history of inclusive dialogue and common action positions the country well to advance global cooperation and build partnerships for growth and development. The President noted that the establishment of the Government of National Unity, made up of 10 political parties, within just four weeks following the elections, has been vital to stability and inclusive governance in the country, attracting greater interest from investors in South Africa's economic prospects. Ramaphosa expressed confidence in the positive impact of these initiatives and partnerships, underscoring South Africa's role in driving inclusive growth and global cooperation.