South Africa could benefit immensely from its BRICS partnership due to the number of economic benefits.
had bilateral discussions with leaders from various BRICS member countries including Russia , Egypt , Iran, and the United Arab Emirates .
While the world is abuzz about BRICS, why should South Africans care about the BRICS Summit? But before this crucial question is answered, it is important to understand what BRICS is.According to the BRICS website, BRICS is made up of Brazil, Russia, India, China, and South Africa. SA joined the group on December 24, 2010, which resulted in the name of the bloc changing from BRIC to BRICS.
According to Sanisha Packirisamy, Chief Economist, Momentum Investments Group, BRICS countries are known for their large populations, significant influence in regional economies and/or their fast-growing markets. “Ultimately the BRICS grouping, just like the G20, the Quad Alliance in the Indo-Pacific or the Global South, allows SA to enhance its diplomatic influence on issues dealing with global governance.”bloc to Members of Parliament .
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