As relations between South Africa and the United States continue on a free-fall, US Treasury Secretary Scott Bessent will skip the meeting of finance ministers and central bank governors from the Group of 20 major economies scheduled for Cape Town next week.
Trump has falsely claimed that the South African government is seizing land from white farmers through the recently signed Expropriation Act, and also criticized the country's genocide case against Israel at the International Court of Justice. He has also offered the lobby group refugee status in the U.S.
Finance ministers and central bank chiefs from the Group of 20 developed and developing nations have gathered in South Africa for a ... U.S. Treasury Secretary Scott Bessent and several other ...
Global trade tensions and a potential value-added tax hike in South Africa could derail two years of slowing inflation, the country's central bank governor said on Tuesday.