Pravin Gordhan to accompany President Zuma to G20 Summit in Hangzhou

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South Africa’s Finance Minister Pravin Gordhan will accompany President Jacob Zuma to the Chinese city of Hangzhou to attend the Group of 20 (G20) summit next week, the presidency has confirmed.

Gordhan has been under pressure in the country for his alleged role in the existence of a suspected surveillance unit that was set up when he ran the tax service.

The G20 Leaders are  expected to discuss these specific priority areas during the Summit, namely: (i) Breaking a New Path for Growth, (ii) More Effective and Efficient Global Economic and Financial Governance, (iii) Robust International Trade and Investment and, (iv) Inclusive and Interconnected Development.

South Africa is a member of the G20, which consists of 19 countries plus the European Union (EU)-the 20th member. G20 members have been meeting regularly since 1999 to discuss global economic policy coordination. The G20 was conceptualised to stabilise and strengthen the global economy, by bringing together the major advanced and emerging market economies.