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The ANC had made it even more clear, if it wasn’t before, that its diplomatic and ideological sympathies increasingly lie with Russia.
The party said it is sending senior officials to Moscow to discuss “recalibration of the global order” with President Vladimir Putin’s party. That would seem to go significantly beyond the ANC’s stated policy of keeping South Africa nonaligned in global affairs, although the party may justify it in terms of the striving of the Brics – Brazil, Russia, China, India and South Africa – countries to mould themselves into a counterbalance of the current “uni-polar” world dominated by the West.Brics has already given notice that it wants to develop its own currency as a rival to the almighty US dollar.
Were this to happen and were such a currency be able to be used in oil and gas transactions – replacing the petrodollar, which is the current currency of trade in that area – then it would have major implications, not only for the global financial system, but also for international relations.
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