As G20 president, South Africa is leveraging its leadership to spotlight Africa’s escalating debt emergency. At the G20 Finance Ministers’ meeting in Cape Town and in subsequent forums, like the International Financial Architecture Working Group, both President Cyril Ramaphosa and Deputy Finance Minister David Masondo underscored the continent’s dire fiscal situation, urging immediate…
On July 7, 2025, the U.S. notified 14 countries—including South Africa—of planned 30% “reciprocal” tariffs on a wide range of imports, set to take effect August 1, unless bilateral deals are reached. President Cyril Ramaphosa slammed the move, calling it based on a “contested interpretation” of trade data, noting that 77% of U.S. goods enter South Africa duty-free and the average…
On June 19, 2025, Niger’s military-led government announced it would nationalize the Somair uranium mine, previously operated by French state-backed company Orano. The decision, broadcast on national television, transferred Orano’s 63% stake in the mine to the Nigerien state. Officials cited the expiration of agreements in December 2023 and accused Orano of “irresponsible and illegal…
South Africa is actively pursuing a significant expansion of its economic relationship with Russia — even aiming to double bilateral trade — amid deeper BRICS integration and evolving global strategic priorities.
🤝 Recent High-Level Engagement
During a visit to Moscow in mid-June 2025, Vice President Paul Mashatile and Russian Prime Minister Mikhail Mishustin held discussions…
Africa stands at the crossroads of transformative growth, innovation, and investment. With its dynamic economies, rich natural resources, and youthful population, the continent offers unparalleled potential for sustainable development. Recognizing the critical role of accurate financial assessment and transparency in driving this momentum, we are proud to announce the launch of a new credit rating…
South Africa is leveraging its 2025 G20 presidency to champion global unity on debt sustainability, focusing on the urgent need for collective action to address the mounting debt crises faced by developing nations. President Cyril Ramaphosa has emphasized that multilateral cooperation is essential to overcome unprecedented challenges, including rising debt burdens, slow economic growth, and the…
South Africa is considering revising its Black Economic Empowerment (BEE) laws to facilitate the entry of satellite internet providers like Elon Musk’s Starlink. The current regulations require foreign telecom firms to have at least 30% local ownership by historically disadvantaged groups, a stipulation that has hindered Starlink’s operations in the country.
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