South Africa’s total concessional finance for development reached USD 148 million in 2014, compared to USD 191 million in 2013 (OECD estimates based on Government of South Africa, 2015; and websites of multilateral organisations). In 2014, South Africa channelled USD 99 million through multilateral organisations.
Although South Africa has had an impressive track record among emerging economies, it has recently hit economic difficulties. We asked FEDUSA General Secretary, Dennis George, what have been the effects, and what steps the G20 and South African government must take to return to the path of healthy growth.
The world badly needs great leaders. The tragedy of Mandela’s passing is that it underlines the rarity of his extraordinary combination of courage, commitment, charisma, intelligence, self-sacrifice and, rarest of all, wisdom.
In 2010 South Africa became the first African country to host the FIFA soccer World Cup, which is one of the biggest global sporting events on earth. Was it a triumph and what lessons could be drawn?
In 2007, South Africa signed up to the OECD Anti-Bribery Convention and joined the Working Group on Bribery in International Business Transactions, a group made up of representatives from all 38 signatory countries which monitors the convention's implementation and enforcement.
Public finances are under pressure around the world. We asked finance ministers from a range of countries: “What actions is your government taking to bolster public finances, while upholding growth and services?”
The OECD Council at Ministerial level adopted a resolution on 16 May 2007 to strengthen the co-operation with South Africa, as well as with Brazil, China, India and Indonesia, through a programme of enhanced engagement.