The Group of 20 has sufficient “shock absorbers” to function effectively if the incoming Donald Trump administration promotes an America First policy at the expense of international cooperation, South Africa's leader said Tuesday as his country took over the bloc's presidency.

South Africa's G20 presidency next year will focus on mobilising finance for nations stricken by climate-induced disasters and extending debt relief for developing countries, President Cyril Ramaphosa said on Tuesday.

South Africa has taken over the presidency of the world’s premier economic forum, the G20, from Brazil. The G20 presidency operates on a troika system made up of the current, previous and next holders.