Later this week, I will join the leaders of China, Brazil, Russia and India at the 14th BRICS Leaders’ Summit, which will be hosted virtually by Chinese President Xi Jinping.
Last year, over 17% of South Africa’s exports were destined for other BRICS countries, while over 29% of our total imports came from these countries. These countries are therefore significant trading partners, and the value of this trade is continuing to grow. Total South African trade with other BRICS countries reached R702 billion in 2021 up from R487 billion in 2017.
As we mobilise financing from different sources to fund our ambitious infrastructure build programme, we expect the New Development Bank – also known as the BRICS Bank – to play an important role in providing financial and project preparation support for infrastructure and sustainable development projects. South Africa has already received $5.4 billion, currently worth around R86 billion, from the New Development Bank to improve service delivery in critical areas.
We see the BRICS Vaccine Research and Development Centre as a valuable development in our efforts to strengthen vaccine manufacturing capacity in South Africa and on the African continent more broadly. We will be calling on our BRICS partners to support the principle that vaccines destined for Africa should be produced on the continent.
SA’s involvement is a kick in the teeth to Ukraine.
U mean great value for the ANC fat cats pockets?
So where is the cheap Russian oil? Truth is,even if we do start importing Russian oil we will still pay the same pump price. Phala Phala needs a new king sized bed. VoetsekANC
In what sense? He would never say. He just speaks for the sake of speaking.
Come back here
NO CYRIL... STOP SELLING OUR COUNTRY DOQN THE RIVER!!!!! Why do you think other EU countries are not on the band wagon!!
AthiGeleba That is obvious CyrilRamaphosa
Expedience above Principle, Mr. President?
Like the Gupta’s for instance, or Russia invading Ukraine 🇺🇦. Does a the cANCercartel actually believe this BS or do the assume we are all morons.
Thanks to Jacob Zuma 👏🏿👏🏿👏🏿👏🏿
Dear Mr President, at your brics conference please ask our partners if our tenderpreneurs could be allowed to win a few tenders in their country’s We will supply all labor and management needed to complete the job . This will help our unemployment and housing shortage.
For ANC and his farm
I am yet to see anytging fruitful from this partnership that has benefitted SA. CyrilRamaphosa PresidencyZA
how did the auction go
True. The rest will get gatvol of our relationship with Russia and then they will help undermine the MYANC and we can have a change of government here. So please proceed
Tell us something we don't know.
what a fake and a corrupt anc cadre deploy
Give us 1 example of that value
Of course it does....it gives South Africa more money to steal by the ANC cadres.
Buy Russia oil. LET Angola process it. We can have petrol for R2.00/L
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