Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Africa
Economy
International
Logistics

SA to work with BRICS to grow trade in Africa

10 Mar 2023 - by Staff reporter
 Source: SS Attorneys
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

South Africa will work with BRICS partners to advance the African agenda for economic growth, development and integration and to advocate for the Global South, says President Cyril Ramaphosa.

Ramaphosa, responding to a question on what strategic focus areas South Africa would advance during its tenure as chair of BRICS, said it would aim to unlock mutually beneficial opportunities to grow trade on the continent.

South Africa is chairing the BRICS group of countries in 2023 under the theme: “BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism”. South Africa will host the leaders of Brazil, Russia, India and China at the 15th BRICS Summit from August 22-24.

“As part of our strategic intent to further advance the African development agenda within the BRICS group, we are inviting several other African leaders to the summit. One of the priorities during our chairmanship is to build a partnership between BRICS and Africa to unlock mutually beneficial opportunities for increased trade, investment and infrastructure development,” Ramaphosa said.

“We are focusing, in particular, on opportunities that will generate economic growth on the continent, particularly through the African Continental Free Trade Area (AfCFTA) and infrastructure.”

The President told Members of Parliament that there were great opportunities for BRICS countries to participate in infrastructure development and the AfCFTA by locating production and services activities on the continent and partnering with local companies and entrepreneurs.

Responding to how South Africa will ensure the advancement of the South-South Agenda, President Ramaphosa said the country’s priorities were responsive to the needs and concerns of the broader Global South.

“Another strategic priority is strengthening multilateralism, including working toward real reform of global governance institutions and strengthening the meaningful participation of women in peace processes. Our priorities respond to challenges and opportunities that are shared by South Africa and other BRICS members. They are also responsive to the needs and concerns of the broader Global South,” he said.

Ramaphosa said a founding value of BRICS was the need to restructure the global political, economic and financial architecture to be more equitable, balanced and representative.

He said BRICS countries agreed that the United Nations must remain at the centre of multilateralism and be reformed to make it more effective, inclusive and representative of the global community.

“This includes reform of the UN Security Council to ensure African countries and other countries of the Global South are properly represented and that their interests are effectively advanced.”

BRICS brings together 3.2 billion people. After the United Nations and the Non-Aligned Movement, BRICS is among the largest bloc of countries by total population. – SAnews.gov.za

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Tariff turmoil triggers DHL suspension of some shipments

Logistics

Shipments exceeding the $800 threshold, regardless of their origin, were likely to face multi-day delays.

22 Apr 2025
0 Comments

Namibia ‘seals’ deal with guaranteed export potential

Imports and Exports

The operation would involve harvesting seals to produce raw oil and fish feed from by-products.

22 Apr 2025
0 Comments

Freight industry awaits Port of Cape Town wind report

Logistics
22 Apr 2025
0 Comments

IMF chief calls for reset of global trade relations

Economy

Georgieva warned that protectionism harmed innovation and long-term productivity, particularly in smaller economies.

22 Apr 2025
0 Comments

Customs imposes stricter compliance enforcement

Customs

Warnings of possible penalties were also published through various channels, as well as warning letters issued to specific Customs clients.

22 Apr 2025
0 Comments

Tar balls wash ashore from MSC Baltic III

Sea Freight

Salvage operations of the vessel are still under way two months after the boxship ran aground in stormy weather off the Canadian coast.

22 Apr 2025
0 Comments

SA-Bots Copperbelt border: another day, another hassle

Border Beat

The catch-up game stakeholders cautioned about is now in full view for all to see at the Martin’s Drift Border Post.

17 Apr 2025
0 Comments

Richards Bay breaks record with 30 million tonnes moved

Imports and Exports

“Lithium is at the top of our list.” – Thula Dlamini, TPT managing director for Richards Bay Terminals.

17 Apr 2025
0 Comments

Law enforcement on high alert

Road/Rail Freight

Road traffic authorities across the country are bracing for a busy weekend on major routes.

17 Apr 2025
0 Comments

Transporters continue with hazardous pollution in Komatipoort

Road/Rail Freight
17 Apr 2025
0 Comments

DRC scraps Zim visa, adding expense to transporters

Logistics

Efforts by Transist to engage with immigration authorities in the DRC have so far proved unsuccessful.

17 Apr 2025
0 Comments

SIU to investigate roadworthy certificate graft

Road/Rail Freight

The Organisation Undoing Tax Abuse has highlighted rife corruption regarding roadworthy certificates.

17 Apr 2025
0 Comments
  • More

FeatureClick to view

The Cape 16 May 2025

Border Beat

The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
More

Featured Jobs

New

Seafreight Export Controller

Tiger Recruitment
Cape Town
15 May
New

Import Manager (NVOCC)

Switch Recruit
Eastrand
15 May

Sales Co-Ordinator

Lee Botti & Associates
Cape Town
14 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us