Ramaphosa Optimistic: How the Upcoming BRICS Summit Promises Success for South Africa and Beyond – SABC News Coverage

President Cyril Ramaphosa is optimistic about the BRICS Summit, emphasizing its significance in global geopolitics. The summit tackles crucial topics like trade, the environment, climate issues, and finance. This gathering in Rio de Janeiro aims to shape discussions that could affect economies worldwide.

International Relations Minister Ronald Lamola expressed that BRICS member countries stand united despite current geopolitical tensions. He highlighted the importance of collaboration to address global tariff wars that impact economic stability. Lamola stated, “We believe we will emerge with a declaration focused on the development of the Global South and the world.”

Russian President Vladimir Putin, speaking via video link, pointed out that the traditional liberal approach to globalization is losing relevance. He urged member nations to enhance cooperation in areas like natural resources and trade. Notably, Putin could not attend in person due to an International Criminal Court warrant against him.

This summit has seen a shift in representation as Chinese Prime Minister Li Qiang steps in for President Xi Jinping. Meanwhile, Brazilian President Lula da Silva is calling for increased trade among BRICS nations, emphasizing the need to strengthen ties.

In light of today’s fears surrounding nuclear threats and territorial disputes, calls for transforming global governance are becoming more pressing. Indeed, recent surveys indicate that 67% of citizens in BRICS countries support the idea of establishing a new economic order.

As the summit wraps up, many await the declaration that will outline the bloc’s future direction. This declaration could pave the way for stronger cooperation and shared ambitions among these influential nations.

For more details on the impact of BRICS on the global economy, you can explore insights from The World Bank and The Economist.

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