A delegation from B20 South Africa, led by Sherpa Cas Coovadia and co-chaired by Mxolisi Mgojo and Nonkululeko Nyembezi, is set to attend the World Economic Forum (WEF) annual meeting in Davos, Switzerland, as the country prepares to host the G20 Summit and the B20 Global Business Forum later this year.
As the official private-sector engagement group of the G20, the B20 serves as a vital platform for business leaders to shape discussions and provide insights into key global economic issues. South Africa’s participation in the forum comes at a pivotal time as the country looks to foster collaboration across diverse economies to address critical global challenges, which are central to promoting sustainable growth and prosperity.
In a historic move, South Africa will hold the presidency of both the G20 and B20 this year, marking the first time the forums are hosted in Africa in their current forms. This milestone underscores the nation’s growing influence in shaping the global economic landscape.
“Our primary focus at the WEF will be on issues of trade, investment, digital transformation, and sustainable energy transitions,” said Nonkululeko Nyembezi, co-chair of B20 South Africa. “These priorities reflect our commitment to driving a more inclusive and resilient global economy, one where equitable growth is possible through open markets, strong financial systems, and digital innovation.”
Alongside these priorities, the B20 South Africa delegation will also address strategic areas such as integrity and compliance, education, and employment. These critical issues are seen as essential to ensuring sustainable development and preparing economies to meet the challenges of a rapidly changing global market.
The South African delegation’s presence at the WEF is also seen as an opportunity to highlight the growing competitiveness of African businesses on the international stage, while advocating for policies that support both global economic stability and growth.
“As we participate in the WEF, we aim to strengthen global collaboration and ensure that Africa’s voice is heard in critical economic discussions,” said Mxolisi Mgojo. “Our involvement in this forum provides a platform to push for inclusive policies that will benefit emerging economies and foster long-term stability.”
The outcome of these discussions will help shape South Africa’s approach as it prepares to host the G20 Summit and B20 Global Business Forum in November, which will further highlight the nation’s leadership role in shaping the future of global business.