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G20 Foreign Ministers’ Meeting at Nasrec Expo Centre in Johannesburg on February 20, 2025.
The Finance Track four-day meetings of the G20 will start in Cape Town today.
The meetings will take place after the unprecedented postponement of the tabling of the budget to March 12.
The postponement has raised concerns over the stability of the Government of National Unity (GNU).
Some economists say it could hurt South Africa’s image at this crucial time of hosting the G20 Finance Ministers and their central bank governors.
Others say the Cabinet’s failure to agree on a budget could cast doubts on the country’s ability to manage its finances.
Economist Dawie Roodt says, “Of course, the G20 is important. We still have some heavy hitters that’s got their image intact like (Reserve Bank Governor) Lesetja Kganyago. So he will be there to represent South Africa but I’ve got a suspicion that the kind of respect that the Minister of Finance was expecting to get that is not going to be there. This disaster that’s called the budget that has not been is something that is certainly damaged his image as Minister of Finance.”
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