B20 South Africa signals a clear message that ‘Africa is ready for Investment’. Wesgro attended the B20 Summit in Johannesburg where a clear message was resonated across the global investment community that Africa is open, ambitious and ready for business.
As part of significant work undertaken over the last year, the B20 identified key strategic themes, which are essential for unlocking the next chapter of global growth, such as:
- Power infrastructure and industry of Africa through improved access to capital
- Drive food security by strengthening agricultural value chains
- Build sustainable and climate-ready economies
- Accelerate digital and skills transformation of Africa
- Unlock industrialisation through critical minerals and value-added processing
However, the progress across these fronts is only possible when the right conditions for success are in place, that is:
- Strong, competitive markets
- Business resilience and stable policy environments
- Anti-corruption and rules-based trade
- Modernised multilateral institutions
- High-impact public-private partnerships
- Empowered women, upgrading SMEs and safe, healthy workforces
At Wesgro, they are working to make these ambitions real in Cape Town and the Western Cape, with a strong focus on attracting investment into:
- The green economy & green manufacturing
- Food & beverages
- Life sciences & health
- Logistics
- Services
Considerably, all with one mission: to drive export-led growth, strengthen competitiveness, and create jobs. Partnerships made local and global have remained central to unlock this catalytic and inclusive growth.
Wesgro congratulated BUSA for hosting a highly successful B20 Summit and for their help in positioning Africa confidently on the world stage.
About B20 South Africa
The Business 20 (B20) serves as the official G20 dialogue forum with the global business community. It was established in 2010, the B20 is one of the most influential G20 Engagement Groups, that has brought together business leaders from G20 member countries and beyond.
Every year, the B20 provides a platform for companies and business organisations to articulate their perspectives on pressing global economic and trade issues. It ensures that the voice of the business community is heard at the highest levels of international economic governance.
The theme for this year follows “Inclusive Growth and Prosperity through Global Cooperation”, is the cornerstone of B20 South Africa’s mission. This theme underscores the importance of collaborative efforts in addressing global economic challenges and ensuring that growth benefits all segments of society.
The host organisation Business Unity South Africa (BUSA) is at the helm of B20 South Africa. It is leading the charge in mobilising the global business community towards impactful and actionable policy recommendations for the G20.
BUSA’s commitment to inclusive growth and prosperity is reflected in its efforts to engage diverse business stakeholders in meaningful dialogue and consensus-building.