We can bring mutually beneficial solutions to the table, including financing, trade, investment, research, development and more
South Africa took over as Chair of BRICS on January 1, 2023 in a difficult national and global economic environment. The conflict in Ukraine and the West’s unilateral sanctions, have battered economies that were struggling to recover from the Covid-19 pandemic.
With Russia being the world’s third-largest oil producer, second-largest natural gas producer, and a top producer of steel and wheat, the conflict has led to substantial increases in food and energy prices that have disproportionately impacted those of us in the Global South.
As a government, we have the South African Economic Reconstruction and Recovery Plan with detailed interventions to address our energy crisis with the aim of fixing Eskom (South African Energy Supply Commission), fundamentally transforming the electricity sector to achieve long-term energy…
