Business

South Africa’s Citrus Exports Rise by Record 22% in 2025

Citrus exports from South Africa reached record levels in 2025, increasing by 22 per cent…

Pan-African Ecobank Exits Mozambican Market

Ecobank Transnational Incorporated (ETI) has officially announced its exit from the Mozambican market following the…

Malaysia Attracts More Than US$20 Billion of Investment From BRICS Countries

The volume of trade between Malaysia and BRICS countries in 2024 reached 818 billion ringgit…

Egypt Begins Export of High-Tech Potato Seeds to Uzbekistan

Egypt has dispatched its first export of locally developed, high-tech “mini tuber” potato seeds to…

Farmers Over The Moon After SA-China Avocado Agreement

Farmers in Mpumalanga have appreciated the recently signed bilateral agreement, enabling South Africa to export its abundant avocado harvest to the People’s Republic of China. The agreement was signed on Tuesday at the Union Buildings in South Africa’s capital city, Pretoria, coinciding with the highly anticipated BRICS Summit, set to commence today. Thoko Didiza, the South African Minister of Agriculture, Land Reform, and Rural Development, and Yi Wang, the Chinese Minister of Foreign Affairs, signed the agreement as representatives of…

SA Restricts Airspace, Tightens Security For BRICS Summit

South Africa has tighetend security and restricted its airspace for the BRICS Summit which begins in Johanesburg next week. The country said it is prepared to extend a warm reception to delegations from BRICS member nations, who are scheduled to convene at the Sandton Convention Centre. The summit, regarded as an “important event on the calendar of geopolitics,” is anticipated to commence on the upcoming Tuesday, as confirmed by the National Joint Operational and Intelligence Structure (NATJOINTS) of the South…

TV BRICS, African Times Sign Partnership Agreement 

TV BRICS International Media Network has signed a partnership agreement with the Pan-African multimedia organization, African Times, in a cooperative move that will see the two parties exchanging content and sharing comprehensive information on joint projects. Last month, the content syndication deal was signed on the sidelines of the Russia-Africa Summit in St Petersburg, Russia.  TV BRICS, based in Moscow, Russia, is a network of more than 30 media organizations and tertiary institutions from the BRICS bloc (Brazil, Russia, India,…

BRICS 2023 Summit To Challenge Western Dominance, U.S. Dollar, Says South Centre Chief

GENEVA, Aug. 10 (Xinhua) — The 15th BRICS summit, to be held in South Africa this month, is expected to make the global governance system fairer and counterbalance the dominance of Western countries, Carlos Maria Correa, executive director of the South Centre, told Xinhua on Wednesday. The event’s agenda will be topped by efforts toward de-dollarization (reducing the U.S. dollar’s hegemony) and the bloc’s expansion, said Correa. The BRICS group of major emerging economies — Brazil, Russia, India, China and South Africa…

South Africa, Russia Business Leaders Explore Ways to Boost Economic Ties  

South Africa, Russia Business Leaders Explore Ways to Boost Economic Ties    TV BRICS Payment systems, mutual settlement, seaport logistics and the energy crisis were among the issues discussed by business leaders and representatives from South Africa and Russia on the sidelines of the Russia-Africa summit in St Petersburg on Friday.  Organized by the Russia-Africa Business Council and hosted by the St. Petersburg Chamber of Commerce and Industry, the business dialogue between Russia and South Africa was dedicated to developing long-term…

African Farmers Set To Benefit From Digital Education Platform

One of Russia’s largest phosphate-based fertilizers producers, PhosaAgro, has launched a digital education platform for African farmers amid calls by African heads of state for President Putin’s government to transfer agricultural technology.  Mikhail Sterkin, PhosAgro’s Deputy CEO for Sales, Marketing and Logistics, made the announcement at the on-going second Russia–Africa Summit and Economic and Humanitarian Forum in St Petersburg, Russia, on Friday.   Called Pro Agro Lectorium, the platform is expected to provide online lectures on a variety of topics. This…

Putin Unveils Russia’s Africa Strategy

Russian President Vladimir Putin has unveiled his blueprint for Africa, vowing to help build infrastructure and energy projects, ensure food security and develop new trade routes to boost trade between his country and the continent.  Addressing delegates to the second Russia-Africa Summit in St Petersburg on Thursday, Putin said Russia would provide six African countries with free grain within the next four months after the collapse of the Ukraine grain deal.   Putin used his speech to once again lay into…

African Leaders Urged to Speak With One Voice During Russia-Africa Summit 

AFRICAN leaders have been urged to speak with one voice, pursue collective rather than individual interests, and work on obtaining concrete results during the Russia-Africa summit that begins in St Petersburg today.  The second summit, which brings together heads of state and business leaders from Russia and Africa, follows the maiden gathering which took place in the port city of Sochi in October 2019. It is expected to be officially opened by Russian President Vladimir Putin.  About 150 journalists, including…

BRICS Experts Explore Nuclear Medicine Collaboration 

More than 200 representatives from Brazil, Russia, India, China, and South Africa have descended on Russia’s capital city, Moscow, to explore ways to collaborate on the use of nuclear medicine. Their main goal is to fast-track healthcare within BRICS countries. According to a statement from the Russian State-owned company, Rosatom State Atomic Energy Corporation, the International BRICS Expert Forum on Nuclear Medicine was arranged by the Russian Federation’s Ministry of Health. It was attended by the heads and leading scientists…

Petrol Price Set To Drop This Week

The price of petrol in South Africa could fall from Wednesday when fuel prices are officially adjusted, the national Automobile Association (AA) predicts. According to the organisation, which relies on the latest unaudited data from the Central Energy Fund, a litre of petrol will cost 17-25 rand less (about $0.01 to $0.013). AA reminds us that these prices are officially calculated and adjusted on the first Wednesday of each month by the Department of Mineral Resources and Energy, the only…

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