Ethiopia will benefit immensely from formally joining the BRICS co-operation mechanism as the move will lead to increased investment and be a source of increased trade and economic exchanges, according to former Ethiopian President Mulatu Teshome. This is reported by CCTV+, a partner of TV BRICS. At the 15th BRICS summit held in South Africa in August, Ethiopia, as well as Argentina, Egypt, Iran, Saudi Arabia, Iran, Saudi Arabia and the United Arab Emirates (UAE) were invited to join BRICS,…

On the eve of the 15th BRICS Summit in Johannesburg in August, Chinese President Xi Jinping met his South African counterpart, President Cyril Ramaphosa. After the pomp and ceremony at the Union Buildings in Pretoria, the two leaders and their ministers announced a raft of bilateral agreements across many fields.  One of the agreements, signed by South African Minister of Agriculture, Land Reform and Rural Development Thoko Didiza and Chinese Minister of Foreign Affairs Wang Yi, allowed South African farmers…

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…

BRICS leaders have invited six new members to join the powerful economic alliance of developing nations, marking the rise of the Global South in geopolitics and the world’s new political and financial architecture.  Saudi Arabia, the United Arab Emirates (UAE), Egypt, Ethiopia, Iran and Argentina officially join BRICS in January next year – in a paradigm shift that would rearrange international politics, dent the petro-dollar system and expedite the demise of the United States of America’s (U.S) empire.   The move…

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…

South Africa and China have taken their political and economic ties to the next level, signing several trade agreements and agreeing to “consult closely” on issues of common concern within BRICS and other multilateral forums.  Speaking to the media at the Union Buildings during Chinese President Xi Jinping’s state visit on Tuesday, President Cyril Ramaphosa said he and Xi had agreed to adopt a joint approach to global issues of common interest.  This included reforming the United Nations Security Council…

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…

President Cyril Ramaphosa has defended South Africa’s non-alignment foreign policy position, insisting that it was anchored on national sovereignty and the protection of constitutional order.  He said expanding the BRICS bloc brings together nations committed to an equitable and balanced global order despite different political systems.  During his address to the nation on Sunday evening, ahead of Chinese President Xi Jinping’s State Visit to South Africa,  President Cyril Ramaphosa said the country’s foreign policy was the product of the Freedom…

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…