Business - African Times

Russia Now Brazil’s Biggest Oil Exporter

Brazil has increased imports of oil products from Russia to 920 thousand tonnes, which is three times more than the volume of purchases from the United States, according to the database of the Brazilian customs. Calculations show that Brazil increased its purchases of oil derivatives from Russia 2.1 times last month, while imports rose 2.4… Continue reading Russia Now Brazil’s Biggest Oil Exporter

Postbank Board Resigns, Accuses Gungubele of Meddling In SASSA Payments

South African Post Bank board members have resigned en masse, citing alleged hostility and political interference in grant payments by Minister of Communications and Digital Technologies Mondli Gungubele. In a joint statement released on Wednesday, board members who threw in the towel said Gungubele’s alleged arrogance and unfounded claims about their performance forced them to… Continue reading Postbank Board Resigns, Accuses Gungubele of Meddling In SASSA Payments

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE To Join BRICS

The leaders of the BRICS countries approved the final declaration of the 15th summit of the association, called “Johannesburg-2”, said South African President Cyril Ramaphosa, which paved the way for Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE to join the economic alliance. The text of the Johannesburg Declaration is published on the official website… Continue reading Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE To Join BRICS

BRICS Leaders Unite Before Critical Expansion, Common Currency Debate

BRICS leaders at the alliance's 15th summit in Johannesburg in August. The writer says BRICS countries need to strengthen internal unity and solidarity in order not to fall into the trap of Western narrative.

BRICS leaders presented a united front at the Johannesburg summit, promising to deliberate on the bloc’s expansion, push for a common currency and reform global governance systems in favour of the Global South. South African President Cyril Ramaphosa, his Chinese counterpart Xi Jinping, Russia’s Vladimir Putin, Indian Prime Minister Narendra Modi and Brazilian leader Lula… Continue reading BRICS Leaders Unite Before Critical Expansion, Common Currency Debate

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… Continue reading Farmers Over The Moon After SA-China Avocado Agreement

SA Restricts Airspace, Tightens Security For BRICS Summit

Sandton City, often known as the richest square mile in Africa, is the home of big capital, the Johannesburg Stock Exchange and South Africa's wealthiest.

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… Continue reading SA Restricts Airspace, Tightens Security For BRICS Summit

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. … Continue reading TV BRICS, African Times Sign Partnership Agreement

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

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

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… Continue reading African Farmers Set To Benefit From Digital Education Platform