G20 Summit | Reflecting on the two days of the summit

The article reports on the outcomes of South Africa's G20 summit, focusing on a declaration that prioritizes inclusive economic growth, industrialization, employment, and reducing inequality, while emphasizing global solidarity between rich and poor nations, and addressing climate change threats to economies and livelihoods. The Congress of South African Trade Unions (Casatu) welcomed the declaration for its focus on these issues, noting South Africa's deep experience with inequality. The declaration incorporates recommendations from a high-level committee on global inequality and an African expert panel on debt and high capital costs. The Institute for Economic Justice praised this, highlighting Africa's debt crisis affecting over 34 countries in high distress, where debt servicing exceeds spending on health and education, impacting 750 million people and hindering development. An analyst welcomed G20 commitments to fairer exchange rate policies, as most African nations borrow in foreign currencies, and unfavorable rates exacerbate their disadvantages. The G20 also resolved to triple renewable energy capacity and double energy efficiency by 2030, which experts in South Africa view positively for securing funding like the EU's 15.1 billion euros for African renewable projects, with South Africa poised to receive a significant share to transition from coal dependency through solar and wind farms. The two-day summit concluded with President Cyril Ramaphosa (noted as Suramaposa in the text, likely a transcription error) reiterating messages of partnership and unity in tackling global challenges, as reported by SABC News from Johannesburg.