The President of the country, Cyril Ramaphosa together with the ministers Lindiwe Sisulu of foreign affairs and Tito Mboweni of finance left for the 2019 summit in Japan,Osaka Wednesday.
(Photo: President Cyril Ramaphosa with Tito Mboweni after the latter’s appointment as finance minister on Tuesday, October 9, in Cape Town. Picture: ESA ALEXANDER)
Tiyani Solly Mabunda
The G20 also called “Group of twenty” is an international forum converging governments and central bank governors where 19 countries are part. Formed in 1999, the forum aims to promote international financial stability.
The economy is said to be experiencing lack of growth. On the other hand the rate of unemployment is sitting at 27.6 percent. There is over 6.20 million unemployed persons. This is reported to be the highest jobless rate since 2017. It has since escalated from 62 thousands to 237 thousands unemployed people.