President Jacob Zuma has arrived in Brisbane, Australia, for the G20 Leaders' Summit. Together with other G20 leaders, the President will tomorrow, on 14 November, engage with business from G20 countries in the annual B20 forum.
On the margins of the G20, President Zuma will on 15 November attend the meeting of the BRICS leaders which will look at progress made on the implementation of the 2014 Fortaleza Declaration, particularly the establishment of the New Development Bank and its Africa Regional Centre to be located in South Africa.
On the 15th of November President Zuma will participate in the G20 discussion on the Global Economy: strengthening growth and job creation. The discussion will centre around increasing investment in infrastructure, strengthening job creation and labour markets. The President will also attend the G20 working dinner, focusing on strengthening the global trading system. Other sessions that the President will attend are on delivering global economic resilience and energy plus the working lunch on future challenges.
The key focus of the Summit will be on how the G20, both collectively and individually, can take additional measures to significantly raise global growth by implementing policies aimed at lifting GDP by more than two per cent over the next five years.
South Africa has set a national growth target of five per cent by 2019 and various measures and interventions are being undertaken to accelerate the inclusive economic growth by implementing the National Development Plan, which will address unemployment, poverty and inequality.
The President is accompanied by Mr Nhlanhla Nene, the Minister of Finance and Ms Maite Nkoana-Mashabane the Minister of International Relations and Cooperation.
Enquiries:
Mac Maharaj
Cell: 079 879 3203
E-mail: macmaharaj@icloud.com
