Fascinating discussion on the role of middle powers from a South African and Canadian perspective hosted by Nucleus Institute which is headed by former deputy finance minister, Mcebisi Jonas @BDliveSA
We thank the folks at @Nucleus_za Institute for the very stimulating and informative conversations we had yesterday in Jo’burg about the Middle Powers, with key insights from Canada and South Africa.
I got to listen to very informative speakers and facilitated the closing session with President Kgalema Motlanthe, the excellent Trudi Makhaya, and the deeply insightful Mr Mcebisi Jonas.
Businessman and founder of think-tank Nucleus, Mcebisi Jonas, calls for a "Middlepower Compact" between South Africa and like-minded states. #MiddlePowersNucleus
Jonas says the moment for Middle Powers is now, to deal with global challenges: from reforming Brettonwoods institutions to resisting bullying, populism and ensuring global solidarity, economic growth and stability. #MiddlePowersNucleus
Canada's High Commissioner James Christoff says his country is pursuing strategic autonomy. [The US has slapped Canada with 50% tarriffs causing a fresh round of frosty relations between President Trump and Prime Minister Carney]. #MiddlePowersNucleus
James Christoff, High Commissioner for Canada in South Africa is delivering his speech on Canada’s perspective regarding middle power alignment. #NucleusMiddlePowers@Nucleus_za
Gina Schoeman of Citi Bank says who would have guessed last year the currency and bond market would be where it is now!
She adds that GNU matured up and government is trying to deliver decisively.
She mentions;
🚩No more load shedding
🚩Logistics reform
🚩Reforms in monetary and fiscal policies
#NucleusMiddlePowers
Wandile Sihlobo: Not all members of SADC share the same opinions about what must happen to develop the region. So how do we begin to define priorities? #NucleusMiddlePowers
Mcebisi Jonas: South Africa does not have a national “obsession”. Until we have a shared narrative that we can build around, we will continue to be lost, and different stakeholders will work in their own self-interest. #NucleusMiddlePowers
Trudi Makhaya: There will be winners and losers when trade policy is formulated. We have to think clearly about those metrics, and we have to articulate the way forward taking the “losers” into account. #NucleusMiddlePowers
Valuable insights from @WandileSihlobo at #NucleusMiddlePowers: Useful reminder that economic diplomacy underpins South Africa’s middle-power ambitions. In an era of geoeconomics, influence increasingly comes from being indispensable to trade, investment, value chains & solutions
Former President Kgalema Motlanthe: Capital will not go to a place where there is no rule of law. It will go elsewhere. And in the vacuum, the mafia state deepens and formalises. #NucleusMiddlePowers
His Excellency James Christoff, High Commissioner of Canada in SA: By working together—bilaterally & within multilateral fora—we can help ensure that we are not merely adapting to a fractured world, but actively shaping a more stable, prosperous & just one for our citizens.
Nucleus Founder & Director Mcebisi Jonas: Does our foreign & trade policy adequately reflect&adapt to the shift from a unipolar to a multipolar world, unlikely to revert to the old situation of hard-wired bipolarity? This is fundamental to how we survive the current storm.
Thought-provoking exchanges at #NucleusMiddlePowers. Thanks to @McebisiJonas and fellow @Nucleus_za panellists. The real currency of influence may no longer be dominance, but indispensability: the ability to convene, connect and mobilise collective action for people and planet.
Jonas: Is it fair to call South Africa’s engagement with the US, China, Europe, the Gulf, India, Russia & others fence-sitting? Or is it often a different reading of the moment, organised around development, infrastructure, security & market sovereignty?
#NucleusMiddlePowers Mcebisi Jonas:
We are living through an era where history is being remade daily, not just as the tragedy and farce that Karl Marx referred to an age ago, but to the extent that the reshaping of the world now creates somewhat of an existential crisis.
South Africa’s influence has often rested on the moral capital of the democratic transition, our constitutional order & on our ability to connect our national position to a wider African & Global South agenda. But that form of influence is fragile, relying on credibility & trust.