# President Cyril Ramaphosa says with the upcoming G20 summit, government will be able to showcase a country and economy on the rise. He has attributed this to Standard and Poor upgrading South Africa’s sovereign credit rating for the first time in nearly a decade, and the unemployment rate falling to 31.9-percent. In his weekly newsletter, Ramaphosa says, despite considerable headwinds, including a debilitating energy crisis and a difficult global trade environment, the country has stayed the course on economic recovery and is now seeing this pay off.
Ramaphosa says key economic indicators point to an emerging economic recovery