South African President Cyril Ramaphosa has said that creating a single payment system using the national currencies of the BRICS countries will be on the agenda of the 2024 summit in Kazan, Russia. The head of state remarked while addressing the National Council of Provinces (upper house of parliament) on October `13.  “The BRICS group intends to further expand the use of member states’ national currencies in international trade. Finance ministers and Central Bank governors are now working on the…

WORLD Mobile Group, the first global mobile network powered by blockchain technology and the sharing economy, successfully launched on Monday its first aerostat in Mozambique, expanding mobile connectivity to the southeast African country. Gregory Gottlieb, head of Aerial Platforms, told the press on Monday that “Aerostat is here to connect the unconnected in the rural area. It will offer a booming signal to a good variety of operators in Mozambique and will cover a 72 km radius outside urban areas”.…

Brazil has increased imports of oil products from Russia to 920 thousand tonnes, which is three times more than the volume of purchases from the United States, according to the database of the Brazilian customs. Calculations show that Brazil increased its purchases of oil derivatives from Russia 2.1 times last month, while imports rose 2.4 times to $672.8 million. This is a record for Moscow in terms of supplies to Brasilia in both monetary and absolute terms. The second largest…

South African Post Bank board members have resigned en masse, citing alleged hostility and political interference in grant payments by Minister of Communications and Digital Technologies Mondli Gungubele.  In a joint statement released on Wednesday, board members who threw in the towel said Gungubele’s alleged arrogance and unfounded claims about their performance forced them to resign as he prevented them from executing their fiduciary obligations.  According to their resignation letters, Chairperson Thabile Wonci and members Martin Mahosi, Adv Leigh Hefer,…

The leaders of the BRICS countries approved the final declaration of the 15th summit of the association, called “Johannesburg-2”, said South African President Cyril Ramaphosa, which paved the way for Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE to join the economic alliance.  The text of the Johannesburg Declaration is published on the official website of the South African Department of International Relations and Cooperation. “As five BRICS countries, we have reached an agreement on the guiding principles, standards, criteria…

BRICS leaders presented a united front at the Johannesburg summit, promising to deliberate on the bloc’s expansion, push for a common currency and reform global governance systems in favour of the Global South. South African President Cyril Ramaphosa, his Chinese counterpart Xi Jinping, Russia’s Vladimir Putin, Indian Prime Minister Narendra Modi and Brazilian leader Lula da Silva vowed to tackle global challenges together without forcing members to choose between BRICS and Western political and economic blocs such as the Group…

Farmers in Mpumalanga have appreciated the recently signed bilateral agreement, enabling South Africa to export its abundant avocado harvest to the People’s Republic of China. The agreement was signed on Tuesday at the Union Buildings in South Africa’s capital city, Pretoria, coinciding with the highly anticipated BRICS Summit, set to commence today. Thoko Didiza, the South African Minister of Agriculture, Land Reform, and Rural Development, and Yi Wang, the Chinese Minister of Foreign Affairs, signed the agreement as representatives of…

South Africa has tighetend security and restricted its airspace for the BRICS Summit which begins in Johanesburg next week. The country said it is prepared to extend a warm reception to delegations from BRICS member nations, who are scheduled to convene at the Sandton Convention Centre. The summit, regarded as an “important event on the calendar of geopolitics,” is anticipated to commence on the upcoming Tuesday, as confirmed by the National Joint Operational and Intelligence Structure (NATJOINTS) of the South…

TV BRICS International Media Network has signed a partnership agreement with the Pan-African multimedia organization, African Times, in a cooperative move that will see the two parties exchanging content and sharing comprehensive information on joint projects. Last month, the content syndication deal was signed on the sidelines of the Russia-Africa Summit in St Petersburg, Russia.  TV BRICS, based in Moscow, Russia, is a network of more than 30 media organizations and tertiary institutions from the BRICS bloc (Brazil, Russia, India,…

GENEVA, Aug. 10 (Xinhua) — The 15th BRICS summit, to be held in South Africa this month, is expected to make the global governance system fairer and counterbalance the dominance of Western countries, Carlos Maria Correa, executive director of the South Centre, told Xinhua on Wednesday. The event’s agenda will be topped by efforts toward de-dollarization (reducing the U.S. dollar’s hegemony) and the bloc’s expansion, said Correa. The BRICS group of major emerging economies — Brazil, Russia, India, China and South Africa…