Minister in the Presidency for Planning, Monitoring and Evaluation, Maropene Ramakgopa, says Africa needs to tackle illicit financial flows, as they reverse the continent's development.
She was speaking to members of the G20 Development Working Group, currently meeting in Durban to address key issues such as expansion and the fight against corruption.
The G20 senior managers in the Development Working Group are meeting in Durban to prepare for the ministerial meeting, which will be held in July at Kruger National Park.
The delegates are finalising texts that will guide them before the ministerial meeting. According to Minister Ramakgopa, the G20 represents 85 of global Gross Domestic Product GDP and over 75 of global trade.
She adds that the African continent loses almost R88.6 billion annually due to illicit financial flows. Ramakgopa says the African continent needs to curb the illicit financial flows in order to fulfil its dream of development.
