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South Africa will hand over the presidency of the G20 group of major economies to the United States as early as Monday, despite the US failing to send a high-level delegation to the bloc’s leaders’ summit in Johannesburg this weekend. The transition, confirmed by South African International Relations Minister Ronald Lamola, marks the end of South Africa’s tenure, during which it prioritised issues like global debt relief and climate finance for developing nations.
The G20, comprising 19 countries plus the European Union and representing 85 per cent of global GDP, rotates its presidency annually. South Africa assumed the role in December 2024, hosting ministerial meetings and culminating in the summit attended by leaders from Brazil, China, India and others. The US absence—attributed to domestic political priorities ahead of Thanksgiving—has sparked questions about the incoming administration’s commitment to multilateral forums, though Lamola emphasised continuity in ongoing workstreams.
“We remain committed to the G20’s agenda, and the handover will proceed as planned,” Lamola told reporters on the summit’s sidelines. “The US has assured us of its engagement starting next month.” The move aligns with protocol, but analysts note it underscores tensions in international cooperation amid US trade policies and election aftermath.
Summit Outcomes and Transition Priorities
The Johannesburg gathering focused on reforming global financial institutions, with delegates agreeing on a roadmap to boost African representation at the IMF and World Bank. A joint communique called for $100 billion in annual climate adaptation funding by 2030, though progress on debt restructuring for low-income countries remained stalled.
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Under US stewardship from December 2025 to November 2026, priorities are expected to include supply chain resilience and digital economy standards, per White House previews. However, Trump’s incoming team has signalled a “America First” tilt, potentially complicating consensus on trade and tariffs.
Lamola highlighted South Africa’s achievements, including elevating the African Union’s voice and advancing talks on a global minimum tax. “We’ve laid the groundwork for equitable growth,” he said, urging the US to build on it.
Economic Context and Global Reactions
The handover occurs against a backdrop of subdued global growth forecasts. The IMF projects 3.2 per cent expansion in 2025, down from 3.3 per cent, citing trade barriers and policy uncertainty. Emerging markets, including South Africa, face particular headwinds from commodity price volatility and capital outflows.
As the world grapples with fragmentation, the G20’s role in bridging divides remains crucial. The US presidency could either reinvigorate or test the group’s relevance, with eyes on early signals from Washington.
