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Prime Minister Datuk Seri Anwar Ibrahim has departed Addis Ababa en route to Johannesburg, South Africa, to participate in the G20 Leaders’ Summit as an invitee of South African President and G20 chair Matamela Cyril Ramaphosa. His chartered Malaysia Airlines aircraft took off from Bole International Airport at 2.30 pm local time (7.30 pm Malaysia time) on Nov 20, marking the second leg of a three-nation African tour.
Accompanying the prime minister are Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz; Minister in the Prime Minister’s Office (Federal Territories) Datuk Seri Dr Zaliha Mustafa; various senior government officials; and a delegation of business figures.
South Africa, holding the G20 presidency this year, was Malaysia’s top African trading partner in 2024, with bilateral trade hitting US$1.71 billion (around RM7.82 billion). Malaysian exports to South Africa reached US$840 million (RM3.84 billion), while imports stood at US$870 million (RM3.98 billion). Situated at Africa’s southern tip, the country has a population exceeding 63 million.
Following the Johannesburg summit, Anwar will head to Nairobi, Kenya, on Nov 23 to conclude his official African visit.
📊 Market Context & Insight
Current gold trends in Malaysia are shaped by elements such as the performance of the Malaysian Ringgit, Bank Negara Malaysia’s monetary measures, inflationary pressures, and international gold rates. Domestic demand is further driven by cultural customs, jewelry consumption, and investment interests among Malaysian households and enterprises.
💡 What This Means for Malaysian Investors
For Malaysian investors, gold remains a popular hedge against currency volatility, rising inflation, and global uncertainty. Many diversify their holdings through physical gold jewelry, gold bars, Gold Investment Accounts (GIAs) offered by local banks like Maybank and CIMB, and Bursa Malaysia’s Gold Futures (FGLD). Balancing physical and paper gold may help align with long-term financial objectives.
🔗 Useful Resources
Note: This article was auto-fetched from trusted news sources. For educational purposes only. Please verify with official financial advisors or licensed institutions in Malaysia before making investment decisions.
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