Trading & Financial News
No Result
View All Result
Saturday, November 29, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Economy

South Africa’s G20 conference bonanza

by Tradinghow
November 29, 2025
in Economy
A A
0
South Africa’s G20 conference bonanza
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Johannesburg, South Africa’s commercial capital, was transformed over the past few weeks as officials worked hard to smooth its rough edges and get it in fine fettle for the glut of international visitors heading its way.

City officials repaired roads, updated signage, cleaned public spaces and increased security to prepare for an influx of people. Although some residents complained these efforts prioritised guests over citizens, the city was ready as the business-focused B20 meeting began in Sandton, Johannesburg’s affluent commercial hub.

The business event, sponsored by some of South Africa’s biggest companies, was held in Sandton, often dubbed the richest square mile in Africa, which made everything easier. Most of the top hotels are located there, and the area offers luxury shopping, top notch restaurants and well-maintained buildings and streets.

Security was heightened, but the city’s atmosphere remained lively, with local businesses benefiting from increased patronage by foreign delegations.

While the main G20 venue at Nasrec showgrounds next to Sogrweto required extra attention due to its location about 20 minutes’ drive from Sandton, the summit concluded successfully, drawing praise from international visitors for both the event and Johannesburg’s hospitality.

South Africa said 42 countries and organisations had attended the G20 Leaders’ Summit, including 20 of its 21 members.

The absence of the US, and controversial president Donald Trump, was regarded by many as a contributor to the success of the event, with consensus on a raft of issues being reached quite early in the programme, but also because of the additional news coverage it generated.  

Although there was no official delegation, many Americans attended both the B20 and G20, and the country has been well represented in meetings throughout the year.

In addition, 16 guest nations participated in the leaders’ summit and six countries representing regional economic blocs in Africa, the Caribbean and East Asia.

Heads of major international organisations also attended, including African Union Commission chairperson Mahamoud Ali Youssouf, President of the European Council Antonio Costa, President of the European Commission Ursula von der Leyen and UN Secretary-General Antonio Guterres.

President Cyril Ramaphosa hailed the G20 Johannesburg Leaders’ Declaration as a strong endorsement of multilateralism and dialogue. Unusually, leaders reached consensus and issued a declaration on climate and global challenges at the start of the summit, aided in part by the absence of the US.

The dust settles

In the end the G20 event was a triumph, from the colourful greetings for heads of state and other dignitaries at the various airportsat the various airports, to the final statement and goodbyes after the two-day meeting.

Visitors interviewed by the large contingent of international and local media offered effusive praise not just for the event itself, but for the country. Much positive feedback flowed in about the friendliness of South Africans, the city sights, levels of development not expected by many visitors and the general positive vibe of the city.

As the dust settled, estimates of what the city had made from this whirlwind week started to emerge. Initial attempts put the event’s direct tourism revenue at about $70m, with a total economic boost of $180m anticipated from associated spending. The surge benefited sectors like hotels, retail, and hospitality, with a notable rise in five-star hotel occupancy.

Tourism Minister Patricia de Lille noted that the G20 meetings provided significant branding for South Africa, boosting its global profile and future tourism prospects.

South Africa’s reputation as a conference destination was underscored by its smooth hosting of the G20 and B20 summits, building on experience from other large events such as BRICS summits and the Mining Indaba. In 2023, South Africa’s MICE industry generated approximately $6.6bn and is expected to grow further.

Despite concerns about costs – especially in light of the national debt and poverty – the summit’s projected $40m budget was partly offset by private sector support.

Supporters view the expenditure as a strategic investment in diplomacy and global visibility, while critics see it as costly “political theatre” that could have been better spent on social programmes.

Time will tell whether the tangible benefits for the spend have any traction but for now, the country can celebrate the win.





Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Trending
  • Comments
  • Latest
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Watch out for these stocks: Sun Pharma, Yes Bank, Ola Electric, CPCL, Vodafone Idea, Waaree Renewable, Wipro, Tech Mahindra, IDFC First Bank, TVS Supply Chain, ONGC, Vedanta

Watch out for these stocks: Sun Pharma, Yes Bank, Ola Electric, CPCL, Vodafone Idea, Waaree Renewable, Wipro, Tech Mahindra, IDFC First Bank, TVS Supply Chain, ONGC, Vedanta

June 4, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
South Africa’s G20 conference bonanza

South Africa’s G20 conference bonanza

November 29, 2025
Visa fraud: UK imposes 10-year ban on over 1000 Ghanaian applicants

Visa fraud: UK imposes 10-year ban on over 1000 Ghanaian applicants

November 29, 2025
FPIs turn net sellers for fifth straight week, pull out ₹294 crore on Friday

FPIs turn net sellers for fifth straight week, pull out ₹294 crore on Friday

November 29, 2025
BofA maintains its USD/CNY target

BofA maintains its USD/CNY target

November 29, 2025
ADVERTISEMENT

Recent News

South Africa’s G20 conference bonanza

South Africa’s G20 conference bonanza

November 29, 2025
Visa fraud: UK imposes 10-year ban on over 1000 Ghanaian applicants

Visa fraud: UK imposes 10-year ban on over 1000 Ghanaian applicants

November 29, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In