Self-reliance for Africa’s development is paramount
by Kemantha Govender, Wits School of Governance
Professor Maurice Radebe, Director and Head of the Wits Business School said South Africa’s G20 presidency should be a catalyst for greater self-reliance in Africa.
In an interview for G20@WSG, Radebe called for a strategic focus on strengthening manufacturing capabilities, reducing dependence on foreign imports, and fostering innovation-driven industries.
“We cannot afford to be passive participants in the global economy,” he said. “The energy transition, for example, must align with Africa’s needs rather than simply following models set by the Global North. We need to manufacture our own solutions and develop funding mechanisms that support local growth.”
Radebe underscored that South Africa’s leadership of the G20 is more than just a diplomatic milestone; it is an economic and strategic opportunity. The presidency attracts international visitors, high-level policymakers, and business leaders to the country, stimulating the hospitality and tourism sectors.
More importantly, it opens the door for meaningful engagement in business policy discussions through the B20 - the business arm of the G20 - where South Africa can influence investor-friendly policies and advocate for Africa’s economic interests on a global scale.
“This is a time to showcase our country’s potential,” says Radebe. “With leaders from the world’s 20 largest economies coming to South Africa, we must put our best foot forward and ensure we maximise this opportunity to attract investment and shape global policy.” The role of business in G20 priorities
Private sector participation is critical in achieving the G20’s economic and development goals. Radebe emphasised that South African businesses must be proactive in aligning with G20 priorities such as sustainability, inclusive growth, and digital transformation.
Business associations such as Business Unity South Africa (BUSA) and Business Leadership South Africa (BLSA) are already mobilising efforts to contribute to the B20 framework. Consulting firms, CEOs of major companies, and academic institutions are working collaboratively to ensure South Africa has a strong voice in global economic decision-making.
At Wits Business School, collaboration with business leaders is already underway. The School is actively contributing to key workstreams of the B20, particularly in employment and education, energy transition, and digital transformation. “We must be on the cutting edge of digitalisation,” Radebe asserts. “Harnessing the power of AI and technology to drive economic development will be crucial for Africa’s future.”
Empowering future leaders through global engagement
Wits Business School is committed to preparing future leaders to engage meaningfully in global initiatives like the G20. Through international accreditations, exchange programmes, and partnerships with leading universities, the School ensures that students are globally competitive and equipped with the skills needed to shape policy and business strategies.
“We want our students to be global citizens while staying firmly rooted in Africa’s challenges and opportunities,” Radebe said. “By leveraging our academic and research capabilities, we can contribute to policy discussions and help shape the future of the continent.”
Radebe urged South African businesses to take an active role in the G20 and B20 initiatives. He encourages companies to lead the way in digital transformation, sustainable development, and industrialistion, using technology and innovation for progress.
“The world is watching, and this is our moment to lead. South African businesses must seize this opportunity to influence global policies, attract investment, and drive the economic transformation of the continent,” said Radebe.
As South Africa embarks on this historic G20 presidency, institutions like Wits Business School and Wits School of Governance will play a crucial role in fostering dialogue, shaping policies, and ensuring that the country makes the most of this unprecedented opportunity.