South Africa says it will continue its working relation with BRICS, a formidable economic bloc made up of Brazil, Russia, India, China, and South Africa, established to promote common interests of member states spanning across security, trade, investment, infrastructure among others.
The country made the clarification as pressure mount for withdrawal due to Russia’s invasion of Ukraine. Sadick Jaffer who is the current Chief Director at the Department of Trade and Industry disclosed the country’s position.
“BRICS has a subcommittee and comprises of various subcommittees that meet and work together, to work on trade and investments. Once we take the chairmanship we become the driver of those processes,” he said.
He added that, “work has not stopped on the BRICS and we work together to continue to identify opportunities both for trade and investment.”
“And we do work also to ensure that there is the ease of doing business between the countries actually gets rebait and gets easier to do business and we keep the relations going because trade and investment flows are long term processes.”
According to the rotational chairmanship rule of the bloc, South Africa will soon chair the affairs of the organization after China which currently chairs the group.