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President Cyril Ramaphosa received the Report of the G20 Extraordinary Committee of Independent Experts on Global Inequality on 4 November 2025 at Tuynhuys, Cape Town. The report, led by Professor Joseph Stiglitz, proposes practical steps to close the global wealth gap and promote fairness worldwide.
What Happened
President Ramaphosa praised the committee’s work, calling the report a blueprint for fairness and stability.
This is the first time such a study has been presented for G20 consideration a milestone in global efforts to reduce inequality.
Earlier, in August 2025, the President warned that inequality destroys dignity and fuels instability.
He cited examples such as vaccine, apartheid and the rising cost of food and energy.
“The report lays out prudent and pragmatic steps we can take to reduce inequality,” Ramaphosa said.
Official Response
Ramaphosa applauded Professor Joseph Stiglitz and the expert panel for their detailed analysis.
He said their work supports South Africa’s G20 Presidency goal to make inequality a key global priority.
He further explained that inequality threatens democracy, slows growth, and damages human dignity.
“Now, with this report, we have clear actions that we can take as governments, as societies, and as the global community,” he stated.
Additionally, the President thanked Oxfam and other partners who supported the research.
He expressed confidence that the G20 Leaders’ Summit in Johannesburg later this month will adopt the recommendations and commit to fair global change.
Community Impact
The report strengthens South Africa’s image as a leader in promoting equality and social justice.
By hosting this important event, the country reaffirms its commitment to inclusive growth and sustainable development.
Moreover, the report’s release could inspire other developing nations to adopt similar frameworks.
Ramaphosa added that this effort goes beyond diplomacy it aims to restore dignity and hope to millions struggling with poverty and exclusion.
