{"id":93194,"date":"2025-11-20T17:05:37","date_gmt":"2025-11-20T17:05:37","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/debt-crisis-crippling-african-development-warns-manuel"},"modified":"2025-11-20T17:50:26","modified_gmt":"2025-11-20T17:50:26","slug":"debt-crisis-crippling-african-development-warns-manuel","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/debt-crisis-crippling-african-development-warns-manuel","title":{"rendered":"Debt crisis &#8216;Crippling&#8217; African development, warns Manuel"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>Former finance minister Trevor Manuel has issued a stern warning about impediments to growth crippling the African continent.<\/p>\n<p>Manuel issued the warning while addressing delegates at the B20 summit in Sandton on Wednesday.<\/p>\n<p>The global business community is meeting for the final time during South Africa\u2019s G20 presidency before officials from all of the bloc\u2019s task forces decide on a potential declaration at Nasrec this weekend.<\/p>\n<p>Manuel said the odds are still stacked against the continent.<\/p>\n<p>\u201cIf we have the global system arraigned against Africa as we have, with credit ratings agencies excluding us, with the cost of capital what it is you will never be able to reach Gen z and unemployment of young people will remain a problem and the political risk will overwhelm everything else that we talk about. We\u2019ve got to take a reading of where we are and recognise that the world is broken,&#8221; said Manuel.<\/p>\n<p>Manuel, who is also the chair of the G20 Africa expert panel said it\u2019s up to African leaders to lead dialogue and action on the continent\u2019s future.<\/p>\n<p>\u201cWe have to drive the change, and I think we need an \u2018all-in\u2019 effort right now,&#8221; said Manuel.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Former finance minister Trevor Manuel has issued a stern warning about impediments to growth crippling the African continent. Manuel issued the warning while addressing delegates at the B20 summit in Sandton on Wednesday. The global business community is meeting for the final time during South Africa\u2019s G20 presidency before officials from all [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":93192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[275],"class_list":["post-93194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Debt crisis &#039;Crippling&#039; African development, warns Manuel - South Africa<\/title>\n<meta name=\"description\" content=\"Former finance minister Trevor Manuel has issued a stern warning about impediments to growth crippling the African conti ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/debt-crisis-crippling-african-development-warns-manuel\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debt crisis &#039;Crippling&#039; 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