G20 finance leaders tackle global tensions, tariff threats
G20 finance officials have collectively raised concerns about geopolitical tensions and the uncertainty around tariff hikes.
The group's third meeting of Finance Ministers and Central Bank Governors started at Zimbali in Ballito on Thursday.
It comes as the US plans to impose crippling tariffs on a number of countries around the world, including a 30% trade tax for South Africa set to kick in next month.
KZN head of Treasury Francois Rodgers joined the gathering at Zimbali.
He says there already seems to be collaboration among G20 partners to find solutions to these issues.
"That needs to continue because without a collective collaboration, we are never going to address these global tensions that are being experienced and in order for us to develop we need stability. I think that's the most important thing.
"How it fits into KwaZulu-Natal? I think our important role is to ensure that there's political stability and that there's development within our province. I think once you achieve those, you can certainly get the foreign investment and the positivity around a province and the investment."
