EGYPT has applied to join the Brazil, Russia, India, China and South Africa (BRICS) bloc. Georgy Borisenko, the Russian ambassador to the North African country, revealed the development. The envoy said Egypt had applied to join the group because one of the initiatives that BRICS was currently engaged in, such as the maximum transfer of trade to alternative currencies or the creation of a joint currency, was important to them. “Egypt is very interested in this,” Borisenko said, as per…

China and Brazil have agreed to trade in the Chinese currency renminbi and Brazilian real before the visit of Brazil’s President Luiz Inacio Lula da Silva to China. This shift away from the US dollar is regarded as pragmatic and rational in the face of the current global financial fiasco. Reports suggest that the BRICS countries (Brazil, Russia, India, China and South Africa) may need to provide an alternative and support a rebalancing of the financial system. The current uncertain…

HIROSHIMA, Japan, May 22 (Xinhua) — “Re-enacting the Cold War would be foolish,” Brazilian President Luiz Inacio Lula da Silva said Sunday, calling for settling the Ukraine crisis under a framework of the United Nations. Lula made the remarks at the just-concluded Group of Seven (G7) summit working session as an invited state leader. The Ukraine crisis should be discussed under a framework of the United Nations rather than the G7, he noted at a press conference on Monday, criticizing the…

South African businessman Tshepo Kgadima was interviewed for Executive Intelligence Review (EIR) Online by David Cherry on July 28, 2018. Kgadima is an independent political and economic analyst based in Johannesburg, South Africa. He is a former investment banker and a company director with more than 20 years’ experience. He is also president and CEO of LontohCoal Limited, director of Elgacol Limited, and chairman of the Indian Ocean Rim Business Forum. EIR: The Tenth BRICS Summit, held in Johannesburg, South…

In an exclusive interview with TV BRICS, South Africa’s BRICS Sherpa talks about the group’s priorities for the upcoming event Anil Sooklal is a diplomat, historian and religious scholar. He is currently the South African Sherpa to BRICS. He has taught at the University of KwaZulu-Natal and the University of South Africa. During this time he has published more than 20 articles in both local and international journals.  Sooklal has served as Deputy Director General of the Asia and Middle…

MOSCOW, May 12 (Xinhua) — Russian President Vladimir Putin discussed global food security and the settlement of the Ukrainian crisis during a telephone conversation on Friday with South African President Cyril Ramaphosa. The Russian side confirmed its readiness to supply needy African countries with substantial amounts of grain and fertiliser, including no-cost deliveries, the Kremlin said. Putin welcomed Ramaphosa’s proposition with regard to the participation of a group of African leaders in potential discussions on the prospects for a resolution…

THE United States of America’s claims that South Africa is supplying Russia with weapons are part of a fightback strategy against the BRICS’ growing influence, the escalating de-dollarisation campaign and the changing geopolitics, a former SA diplomat said.  Botsang Moiloa, an independent foreign policy analyst, believes US Ambassador Reuben Brigety’s allegations are a strategy to bully and use SA as an example to other developing nations that they would face the music should they dump the US dollar as their…

EFF leader Julius Malema has laid into President Cyril Ramaphosa and the ANC, saying their U-turn on withdrawing South Africa from the International Criminal Court (ICC) was a sign that they are not truly in charge of the country. He said their overnight decision to backtrack on the matter last week was taken after their alleged handlers, “white capital”, allegedly reprimanded and ordered them not to pull out of the Rome statutes, despite the ICC’s perceived impartiality and double standards…