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.

Ports advance green corridor strategy

Logistics

Driving the deployment of sustainable fuels on the Rotterdam-Singapore Green and Digital Shipping Corridor.

25 Apr 2025
0 Comments

Ro-ro behemoth sets sail for Brazil on maiden voyage

Logistics
25 Apr 2025
0 Comments

Nersa backs LNG imports to secure SA gas supply

Logistics

Report supports the development of indigenous gas resources to reduce dependence.

25 Apr 2025
0 Comments

Tit-for-tat trade restrictions sour relations between AfCFTA states

Africa

For several years, South Africa has prohibited the importation of Tanzanian bananas.

25 Apr 2025
0 Comments

Namibia seeks to beneficiate energy discoveries

Africa

The country is focusing on developing downstream infrastructure to develop to full-scale production capacity.

25 Apr 2025
0 Comments

Agile and scalable solutions needed for fast-changing market

Logistics

SA Cargo is enhancing its ro-ro routes and strengthening collaboration with its service providers to overcome the challenge of congestion.

25 Apr 2025
0 Comments

Softening freight rates point to downturn in NVOCC sector

Logistics

“The logistics landscape is constantly evolving – especially when it comes to consolidation,” said Michelle Horner, trade and WWA manager for SACO.

24 Apr 2025
0 Comments

Godongwana’s VAT reversal good news for business

Domestic

But more scrutiny of tax returns can be expected as the fiscus seeks to plug the gap, says a financial expert.

24 Apr 2025
0 Comments

BMA officials arrested for enabling illegal immigration

Border Beat
24 Apr 2025
0 Comments

Choppy water ahead as US anti-China fees threaten ocean alliances

Sea Freight

Joe Kramek, president and CEO of the World Shipping Council, is highly critical of the USTR’s approach.

24 Apr 2025
0 Comments

China outstrips competitors in EV R&D market

Logistics

Analyses suggest that China’s patents are increasingly high in quality and technological impact.

24 Apr 2025
0 Comments

SA inflation cools

Domestic

Lower fuel and education prices contributed to the slowdown in inflation.

24 Apr 2025
0 Comments
  • More

FeatureClick to view

Sea Freight 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

Junior Finance Manager (SAICA)

Tiger Recruitment
East Rand
14 May
New

Sales Co-Ordinator

Lee Botti & Associates
Cape Town
14 May

Estimator

Switch Recruit
Cape Town
12 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us