The Minister of Finance, Trevor A Manuel, MP together with the Australian Treasurer Peter Costello will host a media briefing on Monday, 11 September 2006 in Cape Town. Australia is the current Chair of the G-20 while South Africa will take over the reins in 2007.
The G-20 is a forum which promotes open and constructive discourse between finance ministers and central bank governors from industrialised and emerging market economies; South Africa is the only African country in the forum. It is expected that Mr Manuel and Mr Costello will mostly engage in strategic issues concerning the work of G-20 and matters that need urgent attention.