WATCH | Kganyago asserts Africa’s G20 agenda despite tariffs, Bessent absence

Executive Summary
South African Reserve Bank Governor Lesetja Kganyago affirmed that G20 finance chiefs' meetings in Durban will prioritize an 'African agenda' encompassing climate change, cross-border payment systems, and high capital costs, despite fears of U.S. tariffs dominating discussions. With U.S. Treasury Secretary Scott Bessent absent for the second consecutive time, South Africa under President Cyril Ramaphosa is advancing a coordinated African payments system to facilitate continental trade, countering President Trump's tariff threats against BRICS nations for de-dollarization efforts. Kganyago noted no unified G20 response to tariffs, advocating individual country strategies instead, raising doubts about the forum's effectiveness in addressing global economic challenges.