{"id":571,"date":"2025-05-12T11:00:00","date_gmt":"2025-05-12T11:00:00","guid":{"rendered":"http:\/\/www.vecimasupport.com\/?p=571"},"modified":"2025-05-13T00:22:08","modified_gmt":"2025-05-13T00:22:08","slug":"africa-is-key-to-solving-global-crises-says-b20-sa-leader","status":"publish","type":"post","link":"http:\/\/www.vecimasupport.com\/index.php\/2025\/05\/12\/africa-is-key-to-solving-global-crises-says-b20-sa-leader\/","title":{"rendered":"Africa is key to solving global crises, says B20 SA leader"},"content":{"rendered":"

As the world grapples with economic uncertainty, supply chain disruptions, food insecurity, climate change and the urgent need for sustainable development, the role of Africa \u2014 both the private and public sectors \u2014 in shaping global solutions is critical.<\/p>\n

This was the view of Anthony Costa, head of secretariat for B20 South Africa, based at Business Unity South Africa (Busa<\/a>), under South Africa\u2019s G20 presidency.<\/p>\n

Costa spoke to the Mail & Guardian<\/em> ahead of the Africa CEO Forum 2025<\/a> that kicks off in Abidjan on Monday, where President Cyril Ramaphosa<\/a> is expected to speak at the opening ceremony.<\/p>\n

Africa\u2019s largest private sector meeting, themed \u201cIt\u2019s time to strike a new deal: Can a new deal between state and private sector deliver the continent a winning hand?\u201d, will bring together 2300 business leaders, investors, policymakers and professionals from around the world. The two-day event includes seminars, debates and high-level meetings aimed to highlight the role of the private sector in the development of the continent.<\/p>\n

The B20 \u2014 the official business group of the G20<\/a> \u2014 is designed to amplify the voice of the private sector and develop policy recommendations for the world\u2019s largest economies.<\/p>\n

Costa previously worked in the Private Office of the Presidency leading the President\u2019s Investment Mobilisation Programme, and participated in several  initiatives between government and the private sector.<\/p>\n

He will participate in a session along with South African leaders such as Minister of Minerals and Petroleum Resources Gwede Mantashe, Minister of Electricity and Energy Kgosientsho Ramokgopa<\/a> , African Development Bank (AfDB) presidential candidate Swazi Tshabalala, Brand South Africa chief executive, Neville Matjie, the deputy minister of trade, industry and competition, Zuko Godlimpi, and RMB Corporate Client Group head Nana Phiri on Tuesday.<\/p>\n

The session titled, \u201cUnlocking the AfCFTA [African Continental Free Trade Area] dividend through regional value chains and public private partnerships\u201d will showcase South Africa\u2019s strategic efforts to strengthen regional value chains through infrastructure and industrial development, foster multi-stakeholder public-private partnerships and to leverage the country\u2019s G20 and B20<\/a> presidencies to attract sustainable investment and drive inclusive growth.<\/p>\n

As secretariat head, Costa coordinates a process that culminates in the B20 Summit, scheduled for 18 to 20 November in Johannesburg.<\/p>\n

But the real work takes place ahead of summit, involving dozens of virtual and in-person meetings across eight task forces, each focused on a critical area for business policy. They are: finance and infrastructure, trade and investment, digital transformation, employment and education, integrity and compliance, energy mix and just transition, sustainable food systems and agriculture, industrial transformation and innovation.<\/p>\n

Costa emphasised that the B20 was not just a South African or African process, but one rooted in the shared interests of the G20 nations.<\/p>\n

With participants including the US Chamber of Commerce and multinational corporations, the B20 process provides a platform for global engagement \u2014 but one Costa believes must better represent African realities.<\/p>\n

He said the US Chamber of Commerce remained committed to the B20 despite global jitters regarding President Donald Trump’s tariff wars. He said the tariff crisis had led to businesses realising the inherent risk in relying on a single supply chain and that diversification is vital.<\/p>\n

\u201cWe\u2019ve created a task force specifically focused on industrial transformation and innovation, because we believe there\u2019s an opportunity to redefine what manufacturing and economic growth can look like in the 21st century \u2014 not just metal and machinery, but advanced, diversified, sustainable systems,\u201d he said.<\/p>\n

Key to industrial development is moving beyond extraction toward beneficiation, where raw materials are processed and value is added locally.<\/p>\n

\u201cWe\u2019ve been talking about beneficiation for 25 years, but now we have a real opportunity,\u201d Costa said.<\/p>\n

\u201cCritical minerals are central to the global energy transition, and Africa holds many of them. But we can\u2019t beneficiate everything in every country \u2014 we need smart policies that make economic sense, and intra-African trade is key to that.\u201d<\/p>\n

According to the UN Trade and Development<\/a>, intra-African trade remains low \u2014 at about 16% of total African trade \u2014 but integration efforts such at AfCFTA, aim to improve this.<\/p>\n

\u201cLook at the European Union \u2014 it took decades but it shows what\u2019s possible. We\u2019re still in the early days. We need governments to adopt policies that are not protectionist, but are in support of local production, and to do so when it’s economically sensible, you can’t finish everything in every country, but it\u2019s about finding the right balance\u201d he said.<\/p>\n

\u201cProbably the game changer is intra-African trade, because it makes a much stronger economic case to produce on the continent, if your market is here.\u201d<\/p>\n

Costa\u2019s vision for growth is also focused on the role of public-private partnerships (PPPs).<\/p>\n

He said that for infrastructure, energy and innovation, the partnership between government and business is non-negotiable, and South Africa has some successes in this area.<\/p>\n

\u201cThe sector is key to economic growth but it can’t succeed in isolation. Government needs to provide for investment, in many cases, in public infrastructure. It’s not a purely private endeavour by definition, and so you need to have frameworks and mechanisms that enable private investment.\u201d<\/p>\n

He pointed to South Africa\u2019s Renewable Energy Independent Power Producer Procurement Programme<\/a> as a success story.<\/p>\n

\u201cIt was expensive at first, but it allowed investment in solar and wind and we\u2019ve seen prices come down dramatically, and added clean energy to the grid that we otherwise would not have anticipated. That\u2019s a successful PPP.<\/p>\n

\u201cI think we’ve struggled to really make progress on other public private partnerships in South Africa, and so the national treasury is particularly working on creating a new framework to try and make it easier. The big opportunity is investment in grid transmission and a lot of work is taking place,\u201d he said.<\/p>\n

Other success stories include investment by the South African National Roads Agency in toll roads such as the N3 and N1 and more recent cooperation between government and business in tackling the country\u2019s energy and logistics crises.<\/p>\n

As Costa heads to the November summit the challenges facing Africa and the global economy are many and dire: geopolitical instability, climate change, rising trade barriers and slowing growth.<\/p>\n

But Costa remains optimistic that the B20 process can help forge a new path. To do so business must continue investing, growing productivity and supporting development \u2014 especially in areas like food security.<\/p>\n

\u201cWe recognise that global food systems are under pressure from productivity and a climate perspective, as well as from a trade perspective \u2014 the international trading system is fragmented, there is a rise of tariff barriers. Business needs to find ways to continue to invest to become more productive.\u201d<\/p>\n

Costa said the Africa CEO Forum was an important event, because it gave the country the opportunity to engage with the continent\u2019s business leaders and policymakers.<\/p>\n

\u201cTraditionally, South African business hasn\u2019t necessarily participated in Francophone Africa to the same extent it has in Anglophone Africa, but in recent years we have seen more engagement and this is a great opportunity.\u201d<\/p>\n

He said this isn\u2019t just about South Africa; it\u2019s about ensuring African businesses and voices are part of shaping global policy \u2014 from trade to technology to development.<\/p>\n

With less than seven months until the Johannesburg Summit, the pressure is on \u2014 but so is the potential.<\/p>\n

\u201cWe aim to produce recommendations by mid-year so that they can be shared and debated widely before the November Summit. The final outputs are made public to allow for policy engagement \u2014 not just with G20 governments, but with business associations, the World Trade Organisations and others,\u201d he said.<\/p>\n

\u201cI think we see South Africa’s G20 presidency, and with it both the B20 and the other engagement groups, as an opportunity for us to really put forward, to curate a process that allows issues relevant to Africa and the developing world to be heard, but it also speaks to markets across the G20 to receive feedback and attention, and to do so in a way that we create a legacy and have an impact,\u201d he said.<\/p>\n

\u201cWe do not have a lot of time left in seven months from the end of November \u2026 we will have to think: what have we done from a global perspective? What is the legacy we’ve created as South Africa?\u201d<\/p>\n

The African CEO Forum was founded by Jeune Afrique Media Group in 2012 and is now permanently co-hosted by the International Finance Corporation of the World Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the world grapples with economic uncertainty, supply chain disruptions, food insecurity, climate change and the urgent need for sustainable development, the role of Africa \u2014 both the private and public sectors \u2014 in shaping global solutions is critical. This was the view of Anthony Costa, head of secretariat for B20 South Africa, based at […]<\/p>\n","protected":false},"author":1,"featured_media":256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/posts\/571"}],"collection":[{"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/comments?post=571"}],"version-history":[{"count":1,"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/posts\/571\/revisions"}],"predecessor-version":[{"id":572,"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/posts\/571\/revisions\/572"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/media\/256"}],"wp:attachment":[{"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/media?parent=571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/categories?post=571"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.vecimasupport.com\/index.php\/wp-json\/wp\/v2\/tags?post=571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}