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BRICS Summit in Johannesburg to cement solidarity
July 20, 2018, 7:18 pm

The theme is “BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution

Organisers of the Tenth BRICS Summit at the Sandton Convention Centre in Johannesburg are gearing up to welcome the more than 5,000 delegates from July 25 to 27.

More than 1,100 media have already been accredited and the media accreditation centre has been issuing media access badges since July 17.

The majority of the media are from China, South Africa, Russia, India, Russia and Brazil. Media from non-BRICS states also feature prominently on the list. The media houses sending the largest contingents of journalists are SABC, CCTV, CGTV, China Daily, Bloomberg, Reuters, Xhinua, RT and Independent News.

The South African government will be working to tackle the trade imbalance and also address complementary trade between it and its BRICS partners, South African government officials said on Thursday.

Lerato Mataboge, deputy director-general at the Department of Trade and Industry (the dti), said that South Africa’s largest export destination was China followed by India, Brazil and Russia, and the trend was the same with imports, with China as the largest source of imports into South Africa.

“One of the concerns for South Africa in this summit is to find a balance of the export basket as the country still exports a lot of primary goods to BRICS countries while importing value-added products from them,” Mataboge said.

“We hope the Summit will bring more collaboration between the member states and focus on inclusive development and peace,” Ambassador Professor Anil Sooklal, South Africa’s advisor in the BRICS Summit, said.

The Presidency has already confirmed that President Cyril Ramaphosa will host President Xi Jinping of China on Tuesday, the day before the BRICS Summit.

“Whilst the US has always ignored Africa, China recognised the economic role of Africa a long time ago and has a strong presence on the continent. This further strengthens the position of BRICS in the world order and can further strengthen trade and bi-lateral agreements between African nations,” Fatima Vawda, Managing Director of 27four Investment Managers told The BRICS Post.

Dawie Roodt, the chief economist at Efficient Group said the focus of the Summit would be on the trade wars.

“The Russians and the Chinese are more interested in the trade war and other international and local issues. I am currently in Siberia and I can see how their economy is struggling. Also, South Africa’s own economic woes mean that we are less attractive. One probable outcome of the BRICS Summit is probably some announcement of a loan to South Africa,” he told The BRICS Post.

Helmo Preuss in Pretoria, South Africa for The BRICS Post

One Response to BRICS Summit in Johannesburg to cement solidarity

  1. ?????? ????? Reply

    July 23, 2018 at 8:25 pm

    The BRICS summit in Johannesburg cemented solidarity.
    July 20, 2018, 19:18
    Theme: “BRICS in Africa: cooperation in the field of inclusive growth and common prosperity in the fourth industrial revolution”.
    I am an active ecologist, and here you can not get by with streamlined phrases. Here, physics and statistics act, and these are the most exact sciences.
    Quote: “Scientists from Cambridge University published a study on the economic consequences of global warming, assessing the damage to the world economy of 60 trillion.” (The European Commission gives a large number – 74 trillion.) This is real money, which all states spend to eliminate the consequences of natural disasters.
    We divide 60 trillion. dollars for 30 years of warming, and we get the amount of losses per year – 2 trillion. dollars. We divide 2 trillion by the population of the Earth – 7 billion, and we get that every earthman, from newborns to the elderly, loses $ 286 per year.
    The total population of the BRICS countries is about 3 billion people. We multiply one by one and get losses – 860 billion dollars a year. Beginning work on local or global elimination of warming, the BRICS countries will begin to make a profit of $ 860 billion a year. Begin to make profit and other countries that are located around the largest countries in the area. For example, a neighbor of Russia – Ukraine, with a population of 45 million people, doing nothing, only at the expense of improving the environment, will replenish its budget by 4.3 billion dollars a year.
    Sincerely, developer of environmental programs, Victor Rodin.

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