As South Africa prepares to host the prestigious G20 Summit later next year, the National Treasury has set stringent directives for government institutions involved in the event. In an effort to maintain fiscal prudence, the Treasury has advised these institutions to prioritise high-impact initiatives while reducing costs. This approach comes amid a tightening fiscal environment, emphasising a requirement for funding activities primarily through reprioritisation and realignment of existing budget baselines.
Issued in November 2024, the Treasury’s instruction outlined the G20 Sponsorship Framework. This framework establishes the necessary processes for the solicitation, acceptance,…