Closer ties between the continent and the alliance could boost trade and investment, according to the South African president
Being a BRICS member has created new opportunities for South Africa, as the country has strengthened economic ties with the other members of the bloc, President Cyril Ramaphosa has said.
In an address to the nation on Sunday, ahead of this week’s BRICS Summit, the South African leader said membership has boosted collaboration with Russia, China, Brazil, and India in terms of skills, technology, security and innovation.
South Africa has also benefited from the New Development Bank, established by BRICS countries in 2015, Ramaphosa said. “Our country has been funded by the bank in several infrastructure projects to the value of R100 billion (over $5.2 billion) in sectors such as roads, water, transport and energy.”
“We want to build a partnership between BRICS and Africa so that our continent can unlock opportunities for…