Building Africa’s future: The time for action is now
By Dr Terence G Sibiya The UN Economic Development in Africa report, released earlier this year, considers what African economies can do to strengthen resilience to trade risks caused by interconnected shocks across political, economic, energy, technological, and climate fronts. Many global crises, including the legacy of COVID-19, the war in Ukraine, and more recently tariffs which are being negotiated between African states and the US, introduce degrees of uncertainty, and necessitate greater resilience by African economies. Reliance on foreign markets, volatile commodity exports, high debt, and weak infrastructure have increased our vulnerability to economic shocks. As Reserve Bank Governor Lesetja Kganyago stated in an interview with Bloomberg earlier this year, the global economy faces economic fragmentation, and this raises the level of uncertainty. Strengthening our resilience is necessary to create a buffer against uncertain headwinds. While these are certainly challenges, they can also present an opportunity for Africa to build self-sufficiency and economic stability. The African Continental Free Trade Agreement (AfCFTA) is certainly one of the mechanisms we have to achieve this, with its potential estimated at $3.4-trillion, according to UN Trade and Development. AfCFTA is designed to unlock Africa’s economic strength from within, reducing dependency on external markets and enhancing regional trade networks. As things stand, intra-African trade accounts for just 16% of our total trade on the continent. Over 50% of the continent’s imports and exports are tied to just five economies, all outside of Africa. Meanwhile, only 16 of 54 African nations source more than 0.5% of intermediate goods regionally, which is a missed opportunity for value-added trade and manufacturing on the continent. Strengthening and diversifying Africa’s trade networks is key to building resilience, but infrastructure gaps, especially in transport and electricity, and non-tariff barriers, all pose hindrances to regional supply chains. Poor telecommunications connectivity also stands as an obstacle to trade growth. For example, road transport accounts for about 29% of the price of goods traded within Africa, compared to just 7% for those traded outside the continent. Without significant investment in infrastructure, trade liberalisation alone will not be enough to drive economic transformation. With these infrastructure backlogs and fiscal constraints in the public sector, attracting private sector capital has become essential to unlocking infrastructure expansion and improving cross-border connectivity, which in turn will drive economic growth and boost revenue for African nations. Governments alone cannot bridge this gap, which is why public-private partnerships (PPPs) are crucial in financing infrastructure and trade-related projects. Blended finance models (DFIs + commercial banks) will be instrumental in financing this transformation. The African Development Bank (AfDB) estimates that Africa requires between $130-billion and $170-billion annually for infrastructure, but there remains a $100-billion funding gap. The private sector must step up to help bridge this gap by leveraging its capital and expertise to fast-track critical projects. The leveraging of solid blended finance models will also be critical in the execution of necessary projects. Accelerating economic integration requires AfCFTA member states to collaborate with the private sector to unlock business opportunities and tackle trade and investment barriers. While the private sector stands ready to invest in infrastructure, logistics, and renewable energy, governments will need to implement reforms that encourage this private sector investment and financing. In particular, regulatory frameworks must be harmonised across countries to create a stable and predictable business environment that fosters investor confidence. As the African Union (AU) states in its Agenda 2063, success requires political leadership, vision, and commitment as well as the capacity to implement change. As the Group Managing Executive for Nedbank Africa Regions, I recognise that bridging the gap between policy ambition and real-world execution requires financial institutions to lead from the front in all our markets. Our commitment goes beyond financing. We actively support cross-border trade, investment facilitation, and financial inclusion, having sustainable financing at the core of our business and strategy. Our current footprint in Africa includes operations in Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe as well as representative offices in Kenya and Ghana, with plans to expand our presence over time. Nedbank offers banking and related services across NAR for retail clients, small and medium enterprises, larger businesses and corporates, as well as institutions. We offer a full range of banking services, including transactional, lending, deposit-taking, card, bancassurance and selected wealth management offerings. These place us at the forefront of promoting sustainable economic growth in Africa. Africa’s economic trajectory is increasingly influenced by global trade and policy frameworks. South Africa’s G20 Presidency, under the theme of “Solidarity, Equality, Sustainability,” presents an opportunity to ensure that Africa’s economic priorities are not just heard but acted upon on the global stage. President Cyril Ramaphosa has underscored the urgent need for climate-resilient funding, responsible debt relief, and the sustainable development of mineral resources. These are not abstract policy considerations. They have real and immediate implications for businesses, from capital flows to infrastructure investment and global competitiveness. This Africa Month, we declare that the time for planning is over – the time for action is now. We must make the most of the opportunities that the AfCFTA presents. AfCFTA’s success will not be measured by rhetoric but by the tangible progress we make in building a truly integrated, economically empowered Africa. Let us move beyond ambition and into execution because Africa’s future will not build itself. We must build it together. Terence G Sibiya is Nedbank’s Group Managing Executive: Nedbank Africa Regions
Be in the middle of the action: Why you need to attend a tech conference
By Topco Marketing The tech industry in Africa is buzzing with innovation but how can you get involved in this dynamic ecosystem? Whether you’re a B2B startup, multinational corporation, investor, policymaker, or academic, you’re always looking for a way to stay on the cutting-edge of one of the most impactful industries. Here are six reasons why you should attend a tech conference in 2025. 1. Keep your team inspired and motivated Attending conferences in the heart of Africa’s booming tech scene is more than just a routine – it’s a journey that will keep your team inspired and motivated. Hearing from successful entrepreneurs can be a powerful boost, pulling your team outside the office walls and into an environment that breathes innovation. It’s an excellent opportunity for employees to gain a fresh perspective on their roles, the company’s mission, and the challenges that lie ahead. 2. Invest in knowledge and skills development Compared to formal training programmes, conference tickets are often more cost-effective, giving you valuable insights that can help to alter the trajectory of your company. A single idea learned at a conference can sometimes have a substantial impact. In short, consider attending conferences as a strategic business investment that can enrich your team and positively impact your bottom line. 3. Learn from other leaders Targeted conferences, like B2B conferences, are hubs of innovation, where entrepreneurs and experts shape the continent’s future. They are an excellent way to expand your network, gain insights, and exchange best practices with peers and business partners. Attending conferences in Africa is an absolute must if you want to meet new prospects and develop long-lasting business relationships. You can gather feedback, forge meaningful relationships, and gain valuable insights that can help you grow and stay ahead of the competition. As a sponsor, exhibitor, speaker, or attendee, you can target key accounts, engage in post-talk conversations, or connect at booths. There is no better way to establish and maintain customer relationships than by meeting them face-to-face. 4. Find new talent You could meet talented professionals who can add value to your company. Tech conferences are highly focused, which increases your chances of finding individuals who align with your company’s needs. Whether you’re looking for engineers, sales professionals, or marketers, tech conferences provide an ideal platform to connect with potential employees who share your industry interests. 5. Meet attendees from around the world The tech conferences in Africa are no longer confined to the continent’s borders, as businesses from Europe and Asia are increasingly showing interest in attending these events. With a thriving tech ecosystem and numerous opportunities, these conferences provide an entry point for international companies looking to establish a foothold in the African market. For European businesses, exploring partnerships and collaborations in Africa presents untapped potential and access to new markets. These conferences offer a firsthand look at the innovative solutions emerging from the continent, enabling European companies to diversify their portfolios and stay ahead in a competitive global landscape. Networking with African startups and industry leaders can lay the groundwork for mutually beneficial ventures, fostering innovation and cross-cultural collaboration. Likewise, Asian countries with a reputation for tech prowess are keen to expand their businesses to Africa. Attending these conferences allows Asian companies to understand the local dynamics, explore investment opportunities, and build strategic alliances in the continent. The events provide a platform for knowledge exchange, enabling Asian companies to leverage their technological expertise while contributing to the growth and development of Africa’s tech ecosystem. In essence, these conferences serve as melting pots for diverse perspectives, creating an environment where European and Asian businesses can engage with their African counterparts, share insights and explore opportunities for collaborative ventures. The potential for cross-continental partnerships is immense, and these events act as catalysts for building bridges between continents, creating a global tech landscape that thrives on diversity and innovation. The stage is set for a collaborative future, where businesses from Europe and Asia converge in Africa, embracing the opportunities that these tech conferences bring to the forefront. The 2025 Sentech Africa Tech Week Summit promises to offer a vibrant and innovative atmosphere, with opportunities to gain inspiration, knowledge, and make valuable connections. Embrace this chance to be part of Africa’s tech revolution and constructively contribute to the growth of the tech industry in Africa. Get your tickets here.
Partnerships that connect people and uplift communities
At VEA Road Maintenance and Civils, roads do more than connect cities — they connect people, create opportunities, and uplift entire communities. The company’s exceptional growth and success are built on invaluable partnerships with key clients like the South African National Roads Agency (SANRAL), the Department of Roads and Transport, the Western Cape Government and the KwaZulu-Natal Department of Transport. Together with these partners, VEA Road Maintenance and Civils has built a reputation for excellence, highlighted by its consecutive Top 5 ranking in the South African Construction Sector for 2024, an honour it also achieved in 2023. Being ranked among the Top 500 best managed companies reflects the company’s relentless focus on quality, innovation, inclusion, and community impact. “We’re more than a road construction company,” says Thoko Tshabalala-Shandu, Managing Director. “Our vision is to use infrastructure as a tool for positive change. Without our strong relationships with clients and communities, our ability to make an impact would be limited.” VEA Road Maintenance and Civils’ partnerships enable the company to execute large-scale projects that not only improve infrastructure but also change lives. From creating jobs to developing skills and supporting local communities, their work goes far beyond the roads they build. One of the most significant collaborations is with SANRAL where VEA Road Maintenance and Civils has worked on major projects such as the N2, N12, and R23 highways. These projects have not only improved the road network but have also contributed to job creation and skills development within local communities. “SANRAL’s approach is holistic. They don’t just build roads – they ensure that the communities around the roads benefit too,” explains Thoko. “This commitment aligns perfectly with our mission to empower communities through infrastructure.” VEA Road Maintenance and Civils’ work with other esteemed clients has allowed it to contribute to regional growth by employing local labour and providing training in crucial technical skills. “For us, building roads is just the beginning,” says Thoko. “Each project is an opportunity to uplift communities and create long-term opportunities.” VEA Road Maintenance and Civils’ dedication to excellence and community upliftment has been recognised with its Top 5 ranking in South Africa’s Construction Sector for 2024, an honour it has now earned multiple times. This recognition places VEA Road Maintenance and Civils among the best 5 out of 500 companies in the sector, marking two consecutive years of maintaining this prestigious standing. VEA Road Maintenance and Civils’ recognition in the Top 5 ranking for the Construction Sector, an honour it has earned multiple times, reflects the organisation’s commitment to excellence and community upliftment. “Being in the Top 5 is about more than technical expertise or delivering on time,” says Thoko. “It’s about how we approach everything — from the partnerships we build to the way we engage with communities. Our success is deeply rooted in the people we work with — our team, our clients, and the communities we serve.” This continued recognition, two consecutive years running, is a direct result of VEA Road Maintenance and Civils’ focus on partnerships and community engagement. For example, the collaboration with SANRAL on projects like Operation Vala Zonke, a nation-wide pothole-fixing initiative, is a testament to the company’s community-centred approach. “We’ve been able to create jobs and provide training to local workers, thanks to the support of SANRAL and our other clients,” says Thoko. “Together, we’re building a brighter future for everyone involved.” VEA Road Maintenance and Civils’ commitment to community upliftment goes beyond infrastructure. Their involvement in initiatives like Mandela Day, where they extended their 67 minutes of service into an entire weekend, delivering supplies to schools and elderly homes, is just one example of their dedication. In the South African construction sector, diversity and inclusion are becoming increasingly important. VEA Road Maintenance and Civils is leading the way in this transformation, with a strong focus on gender diversity under the leadership of Thoko Tshabalala-Shandu. The company has created hundreds of opportunities for women in the construction industry, an area traditionally dominated by men. Thanks to partnerships with SANRAL, the Department of Roads and Transport, and other governmental bodies, VEA Road Maintenance and Civils is not only delivering high-quality infrastructure but also empowering women and young people through employment and training opportunities. “Our clients have been instrumental in helping us bring more women into the industry,” says Thoko. “We are opening doors that were once closed to women, and that’s something we are very proud of.” Contracts Manager Terry- Anne Hart adds, “Our partnerships with SANRAL and provincial governments enable us to promote diversity and inclusion. When organisations share a commitment to empowering underrepresented groups, the results are truly transformative.” This focus on community impact, diversity, and inclusion is one of the main reasons VEA Road Maintenance and Civils consistently ranks in the Top 5. Their ability to deliver exceptional infrastructure while empowering communities sets them apart from their competitors. “Our roads are more than just infrastructure,” concludes Thoko. “They are bridges to better futures. None of this would be possible without our incredible partners, whose shared commitment to building a better South Africa perfectly aligns with ours.” Georgina, a site agent in VEA Road Maintenance and Civils, shares her perspective on managing over 700 workers and navigating the challenges that come with such a responsibility. “Managing this many people comes with its challenges, like conflict resolution, labour disputes, and ensuring everyone knows their role,” Georgina explains. “A good manager needs to be solution-oriented. I believe in addressing issues immediately, then revisiting the cause to prevent it from happening again.” Georgina’s leadership style is built on an open-door policy and team empowerment. “I always encourage my team to suggest solutions, not just report problems. This creates accountability and ensures quicker conflict resolution,” she says. Her approach ensures that VEA Road Maintenance and Civils not only maintains high-quality delivery but also fosters a positive and collaborative work environment. At VEA Road Maintenance and Civils, they don’t just build roads — they build opportunities. With the support of partners
Africa’s tech revolution needs you – come forge connections, influence policy and accelerate growth
From AI-driven healthcare to blockchain-powered financial inclusion, the continent is rewriting its narrative as a global tech powerhouse. But to sustain this momentum, collaboration, innovation, and strategic dialogue are non-negotiable. Sentech Africa Tech Week 2025, taking place from 3–4 June, at the Century City Convention Centre in Cape Town, is where Africa’s brightest tech minds converge to shape the future. This isn’t just another conference, it’s a catalyst for growth, a platform for disruptive ideas, and a launchpad for partnerships that will redefine the continent’s digital landscape. Why your company can’t afford to miss this 1. Tackle Africa’s most pressing tech challenges: 2. Unlock cutting-edge opportunities: 3. Network with decision-makers and disruptors: Rub shoulders with ministers, CIOs, global cloud leaders, and rising startups. Forge alliances in the “Global Alliances, Local Impact” session, where cross-border partnerships are redefining Africa’s digital economy. 4. Position your brand as a leader: Think your startup is the next big thing? Then the Pitching Den is for you. Sessions that will redefine your strategy Why sponsor, exhibit, or attend? Sponsors: Gain unparalleled visibility. Position your brand as a pillar of Africa’s tech ecosystem Act now—Africa’s future won’t wait. The clock is ticking. Secure your spot at the forefront of Africa’s digital revolution. Register now: https://qkt.io/MCKP8m
Taking South Africa’s agenda to the world: B20 South Africa kicks off in Cape Town
By Koketso Mamabolo The economy reigns supreme and the 2008 financial crisis triggered a response from the developed and developing world which has sought to mount collective responses to the world’s economic and financial challenges. Representing two-thirds of the world’s population, 85% of the world’s GDP, and over 75% of international trade, the G20 group of countries is a global forum which brings together decision-makers as they discuss issues, share information, draft the policies which seek to maintain order, formulate approaches to stimulate inclusive growth and avoid the kind of crisis the world witnessed almost two decades ago. Along with the dialogue between heads of state, finance ministers and diplomats is a forum which provides a platform for a vital cog in any economy: the business community. The Business 20 (B20) has, since 2010, brought together business leaders from both non-G20 and G20 member states for an opportunity to present their views on how we can solve global economic problems. The South African government – led by the Presidency, cabinet’s economic cluster and Dirco – is the host of this year’s G20 summit and comprehensive programmes of meetings of working groups have already begun. The private sector host of B20 South Africa is Business Unity South Africa (BUSA) which, on the domestic front, has been building a relationship with President Cyril Ramaphosa’s administration that has seen the public and private sector collaborating to address the country’s priorities, such as the energy and logistics crises, which has proved fruitful. Together with Business Leadership South Africa (BLSA), BUSA hosted the summit’s launch this week in Cape Town, under the theme of “Inclusive Growth and Prosperity through Global Cooperation”, kicking off a year-long programme guided by task forces formed around eight socio-economic issues: “The B20 is an unprecedented opportunity to engage with the world and build our relationships while plugging into the wider G20 agenda to project South Africa’s interests to the global stage,” wrote BLSA CEO Busisiwe Mavuso in her weekly newsletter leading up to the launch. “It ensures that South Africa is part of the conversation and that our contributions are recognised.” Co-chaired by Standard Bank Chairperson Nonkululeko Nyembezi and former Exxaro CEO Mxolisi Mgojo, the summit’s task forces will each engage with around 150 members, from more than twenty countries representing multiple sectors. From March to July, the task forces will develop policy papers and have engagements with G20 Working Groups, delivering and discussing the papers leading to the actual summit itself in November. Two task forces of particular significance in the local context are the employment and education task force and the trade and investment task force. The former because of the high unemployment rate and the latter because of a widespread conception of investor apathy and recent developments around tariffs sparking fears of eminent trade wars. The impact of technology and digital transformation (a task force on its own) has been felt heavily in both areas as the scale of technological innovation has led to fears of countries being left behind due to a lack of skills and investment in the digital infrastructure needed to drive the growth the world needs. “When you talk about a good job, that conjures up in my mind formal employment,” said Sanlam CEO Paul Hanratty, highlighting the role of technology-related interventions in equipping people with the productive skills and resources needed. “On this continent and in the south, the informal economy is massive and we have to pay attention to that. We have to look at the interventions that need to take place.” With the economy firmly in the spotlight, and socio-economic challenges taking on new dimensions as geopolitical tensions grow, as much attention will be on the policy recommendations of the B20 task forces as the outcomes of G20 Working Groups. Sources: B20 South Africa | G20 South Africa | Daily Maverick | IOL | BLSA | Polity
Your next big break in sustainability is waiting
By Thabiso Mohlabeng & Koketso Mamabolo To all the sustainability champions and forward-thinkers who know that the future is built together, The Future of Sustainability Conference is your gateway to meaningful connections, groundbreaking ideas, and collaborations that will shape our planet’s future. Are you ready to connect with some of the brightest, most influential figures driving us towards a greener tomorrow? Looking to scale up your sustainable impact, secure funding and form game-changing partnerships? On 26–27 March 2024, Emperor’s Palace will transform into the epicentre of sustainability innovation—and you’re invited to join the movement. The programme is packed with interactive sessions, fireside chats, and more, allowing you to position yourself in rooms where ideas turn into action—and where you’ll meet collaborators who share your vision. You will learn how companies are turning ESG goals into profit, scaling green tech, and redefining industries by solving some of sustainability’s biggest challenges. From global leaders in renewable energy and capture, to award-winning startups blazing a trail in the circular economy and ESG investment pioneers looking to fund innovative solutions. You’ll meet: Explore the list of attendees Whether you’re a seasoned sustainability pro or a rising star, this is where ideas collide and partnerships ignite. Let’s create a legacy—one connection at a time. Secure your spot—tickets are going fast! With only a few weeks left, don’t miss your chance to join this exclusive gathering. Network with purpose, gain actionable insights, and leave with a contact list full of changemakers.P.S. Early-bird pricing ends soon! Snag your ticket: https://qkt.io/FOS2025 before they’re gone—your next big opportunity awaits.
The 55th Annual World Economic Forum (WEF) Meeting, 20 – 24 January 2025 in Davos-Klosters
By Professor Bonang Mohale Davos in Switzerland is the highest town in Europe at 1 560m situated in the mountains and as result, a very popular skiing destination precisely due to its cold weather, ice and snow at this time of the year! Yet ever since the World Economic Forum (WEF) brought its Annual Meeting to the alpine venue, the name resonates with the flagship event. The 20 – 24 January 2025 is the 55th Annual Meeting of the World Economic Forum (WEF) that has brought together nearly 3 000 leaders from over 130 countries and 350 governmental leaders, including 60 heads of states and governments, from all key regions; over 1 600 business leaders, including over 900 of the world’s top CEOs and Chairs from the WEF Members and Partners – over 120 of which are Global Innovators, Tech Pioneers and Unicorns who are transforming industries; civil society; the foremost scientific and cultural thinkers. Today, the programme contains more than 300 sessions – 200 of which are livestreamed to a global audience that aim to accelerate progress and tackle global challenges. The agenda changes every year to address the world’s most pressing issues – from pandemic preparedness and reskilling, to the state of the global economy and the energy transition. The WEF releases the Global Risks Report ahead of the Annual Meeting each January, to identify and analyse the upcoming near- and longer term critical global risks that underpin discussions. The Forum continues this work year round with a range of initiatives via its Centres. Geo-economic fragmentation, geopolitical polarisation and divisions over values continue to impact countries and communities across the world. At the same time, exponential innovation and deployment around whole sets of inter-connected technologies – from Artificial Intelligence (AI) and quantum to energy tech, biotech and health tech – offer an unprecedented opportunity to increase productivity and hence standards of living. Reviving and reimagining growth is critical to building stronger and more resilient economies. Given these powerful forces at play, three questions are guiding the conversations, namely how can we avoid an age of Fragmentation and instead work together on a can-do, people-centred agenda for an Intelligent Age; how can we reinvent the muscle of collaborative innovation to get out of the current low-growth, high-debt world economy and address common challenges from climate change to the ethical use of AI? To respond to this dynamic context, the WEF has convened leaders under the theme ‘Collaboration for the Intelligent Age’. Building on the core roles of the WEF as the International Organisation for Public Private Cooperation, it serves as a trusted global platform for dialogue and cooperation; brings together a diverse community of stakeholders; seeks to connect the dots in an era of complexity; firmly future oriented both in terms of insights and solutions and leadership in complexity to look at the necessary toolkit to navigate this fast-evolving environment. The programme is oriented around five distinct but highly interconnected thematic priorities, viz. reimagining growth; industries in the intelligent age; investment in people; safeguarding the planet and rebuilding trust. It is accessible to the wider public through livestreaming of the public sessions, complemented by the presence of media leaders and reporting press and through local engagement at the Open Forum in Davos. It brings together these leaders to set the year’s agenda for how leaders of social partners can make the world a better place for all. Its relevance as a global gathering sits within and beyond the official programme. The importance of dialogue – often happening in private conversations – reveals an ever important mission to convene leaders when ‘threats to world stability are multiplying’. Following its founding on 24 January 1971 by Professor Klaus Schwab, the European Management Symposium (EMS), as it was then known, held its first meeting in Cologny, Canton of Geneva, Switzerland. The WEF tries to embody ‘the spirit of Davos’, which is an attitude of openness and cooperation that is core to the mission of the Forum. The ‘Davos Manifesto’, created in 1973 and renewed in 2020, lays out the principles of stakeholder capitalism or a system of shared goals for businesses. Inaugural participants discussed Professor Schwab’s ‘stakeholder theory’, his vision that businesses should serve all stakeholders, rather than just shareholders, including employees, suppliers and the wider community. Today, ‘stakeholder capitalism’ is a guiding principle of the Forum. In 1973, the Annual Meeting endorsed the ‘Davos Manifesto’s “Code of Ethics for Business Leaders” which was updated in 2020 to set out the purpose of business in the Fourth Industrial Revolution – itself a concept coined by Professor Schwab in his 2016 book. Politicians were first invited to take part in the WEF, Davos in 1974 and in 1987 the EMS became the World Economic Forum, with a broadened aim to provide a platform to address the pressing issues of the day via public-private cooperation. The WEF recognises the severity of the climate crisis and does its best to lead by example and boost sustainability at Davos. Since 2017, all Davos-related carbon (CO2) emissions have been calculated and offset through environmental projects in Switzerland and abroad. It also ensures that energy consumption at Davos is limited, takes steps to reduce waste and that only renewable electricity is used for the event. These efforts include the use of repurposed event materials, the removal of single-use plastics and collaborations with local associations to distribute non-used furniture and food leftovers. Transportation remains the primary source of CO2 emissions at Davos. Therefore, it encourages attendees to travel in the most sustainable manner and offers a 100% discount for all participants in Europe who travel by train. Davos also serves as an opportunity to showcase climate research and sound the alarm on the many pressing climate-related issues. At Davos 2019, David Attenborough delivered a powerful address on the ‘new geological age’ and in 2023 the USA Climate Envoy, John Kerry called for the ‘biggest transformation, economically, since the industrial revolution.’ Aligning with the Forum’s Global Gender Gap Report,
Putting SA Inc on the map: Good governance and the impact on investor sentiment
By Professor Parmi Natesan, CEO of the Institute of Directors in South Africa (IoDSA) All eyes will be on South Africa when Johannesburg hosts the G20 Summit in November 2025, and along with it the B20. This influential business forum brings together business leaders from the Group of Twenty countries to assist heads of state in tackling global economic challenges. President Cyril Ramaphosa wants to use this global event to promote local business opportunities and attract foreign direct investment while also strengthening the position of Africa and the Global South – in short, putting SA Inc on the world map. The B20 campaign kicks off in February 2025, continuing the Global South rotating presidency from its predecessors Brazil, India and Indonesia, before being handed over to the United States in 2026. For the first time, the presidency is held by an African nation, which makes it all the more crucial to prove to investors that South Africa is a trustworthy partner in shaping the new world economic order. Fortunately, SA Inc’s preparations for the B20 come at a time when investor confidence is tentatively improving. In the first quarter after the formation of the Government of National Unity (GNU), the RMB/BER Business Confidence Index rose by three points to 38 in Q3 2024, which is the highest since Q4 2022. Now is the time for the public and private sectors to commit to strong governance – ensuring transparency, reducing operational risks, and promoting ethical conduct – to transform short-term improvements in investor confidence into long-term economic growth. Good governance is not an isolated compliance matter but a foundational element which fosters trust, resilience, and credibility in business and governments. It will take time and concerted effort to restore investor confidence after the Zondo Commission’s findings exposed the extent of governance failures and the consequences of unchecked corruption. South Africa still ranks a disappointing 41 out of 180 countries in Transparency International’s 2023 Corruption Perceptions Index. This is our lowest ever ranking, well below the global average, and again it is linked to governance – more precisely governance failures. “Corruption has eroded trust in both public and private institutions, deterring investment and stifling growth,” according to Transparency International. In 2024, the global non-government organisation called on the G20 leaders to prioritise anti-corruption measures to achieve their sustainable development goals, as it warns that corruption drains critical resources, impedes responses to health crises, and exacerbates poverty and inequality. Instead of reaffirming their resolve to fight corruption year after year, they must now bring their anti-corruption work out of its current silo and elevate it to the core of the G20 (and B20) summit. Transparency International’s arguments underline the IoDSA’s mission to develop and advance good governance as the basic foundation for SA Inc. South Africans know only too well that corruption can destroy the fabric of society, because government and corporate failures have made people cynical about the political will of our leadership to truly bring malefactors to book. Corruption is the opposite of good corporate governance (i.e. ethical and effective leadership). Curbing corruption is therefore a prerequisite for strengthening investor confidence and attracting FDI. It’s important to understand that corruption is not the same as poor corporate governance: despite being interconnected, they differ fundamentally. Corruption opposes the ethical principles that the King IV Report on Corporate Governance (King IV) advocates; it typically involves private individuals or public officials who act unethically and often illegally for their personal gain. Poor governance is not necessarily intentional as it is frequently a result of negligence, incompetence, or apathy, but similarly opposes King IV. When this manifests itself, for example as a lack of accountability and transparency in governance structures, it can lead to operational inefficiencies, financial instability, and declining economic prospects. These risks can deter investors, who are naturally drawn to environments where governance provides a robust foundation for managing risks and upholding ethical standards. Therefore, good governance that prioritises ethics and accountability, as outlined in King IV, will create a culture that inherently opposes corruption. Stronger governance standards are paramount for curbing corruption, enhancing investor trust, and positioning South Africa as a credible global business destination. But how can good governance be restored? Crucially, South Africa already has established some strong governance frameworks, notably King IV and the Companies Act, which are both recognised for advocating principles of transparency, ethical leadership, and sustainable practices. However, even the best governance codes rely on effective application to be impactful. Without consistent implementation, these structures lose their potential to uphold accountability and trust in both the private and public sectors. In the private sector, enhanced accountability mechanisms are needed, particularly around enforcing consequences for governance failures. Despite the availability of legal frameworks, there have been relatively few court findings of director delinquency, which undermines the culture of accountability in governance. Lack of oversight and accountability can harm investor relations and damage company reputations. In the public sector, a key area for improvement is ensuring that board members are appointed based on competence and moral compass, rather than political considerations. Such appointments would create an environment focused on performance and accountability, which would reduce the risks of mismanagement while fostering greater public trust. This is particularly important to improve the governance of embattled state-owned-enterprises. At the local government level, the focus needs to be on the alarming number of municipalities that are struggling with governance. According to the Auditor-General of South Africa Municipal Audit Report for 2022/23, only 34 of 257 municipalities (13%) achieved clean audits, with 20 municipalities deemed “critically dysfunctional”. Implementing stronger governance practices such as accountability measures and skills development, would improve service delivery and rebuild community trust. Further encouragement comes in the form of South Africa’s robust regulatory environment, forward-thinking governance codes, and commitment to addressing governance challenges, which make us a resilient and appealing market for investment. With the G20 summit in Johannesburg, South Africa has an opportunity to reinforce its commitment to world-class governance standards and a transparent, sustainable business