allAfrica.com
14 November 2008
South Africa is the only country from Africa represented at Saturday's summit of the heads of state of the G20 grouping of countries, called to discuss the global financial crisis emanating from the developed world. In an AllAfrica guest column, Peter Draper of the SA Institute for International Affairs sets out how the country should represent its, and Africa's interests in the meeting.
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These are good observations. Africa, especially Sub-Saharan Africa should really think of a super electric grid, Europe and Northern Africa is building a Mediterrean Ring electric interconnection. Talk of economic development without an adequate energy infrastructure is a non-starter.
South African Government (Pretoria)
15 November 2008
Reforms to the international financial system agreed on at the summit of leaders of the G20 grouping of countries would entail far better representation for African countries in the international financial institutions than is currently the case, said South African President Kgalema Motlanthe in this statement issued after the summit.
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UN News (New York)
15 November 2008
Secretary-General Ban Ki-moon today urged the leaders of the so-called Group of 20 (G-20) nations to take speedy steps to ensure that the current financial turmoil does not deepen human suffering worldwide.
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World Bank (Washington, DC)
15 November 2008
This summit of G-20 leaders and the G-20 meeting of finance ministers last weekend have begun to lay a productive foundation of discussion, input, and agreement. What matters now are the follow up actions. People are looking to leaders for a global, coordinated and fast response.
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Business Day (Johannesburg)
14 November 2008
GLOBAL markets continued to tumble yesterday as world leaders prepared for a meeting in Washington tomorrow to consider additional measures to stave off a prolonged global downturn as more companies face bankruptcy.
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Business Day (Johannesburg)
13 November 2008
THE International Chamber of Commerce (ICC) and Oxfam have called on the leaders of the Group of 20 (G-20) states to take bold and responsible action to restore confidence in the world economy, including bringing the Doha round to a successful conclusion.
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The White House (Washington, DC)
15 November 2008
The G20 group of industrialized and developing countries issued this declaration after a summit called in Washington, DC, on November 15 to discuss the global financial crisis. South Africa was the only African country at the summit. It was represented by President Kgalema Motlanthe and Finance Minister Trevor Manuel.
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BuaNews (Tshwane)
13 November 2008
South African President Kgalema Motlanthe, together with Finance Minister Trevor Manuel, will on Thursday depart for Washington where they will participate in the Group of 20 (G-20) Summit.
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A very well thought out analysis, though I disagree with “South Africa should support France and Germany in pursuing financial regulatory reform”. While reform is obviously needed, it must be remembered that neither of the mentioned economies would exist in present form, or be any where near as powerful, without having followed the American model; a model not completely right and in need of adjustment, to be sure, but a basis on which the modern world has been built. The words of commenter ‘Mohagany’ as to the electric power required are an absolute : without the power to drive the engines of commerce, any nation so lacking will forever be relegated to secondary, at best, status.