South Africa Hosting the 10th BRICS Summit

South Africa is hosting the 10th BRICS summit that is taking place on the 26th of July at the Sandton Convention in Johannesburg. The government of South Africa will be welcoming some very powerful international delegations.

Brics leaders standing togetherCountries which form BRICS are Brazil, Russia, India, and China. South Africa joined the summit in 2011. In 2013 South Africa hosted the event in Durban.

Mzansi will be hosting the event for the second time, and this year’s gathering is quite special considering the country celebrating Madiba’s centenary.

Heads of states from Egypt, Zambia and Rwanda have been invited to attend the summit. The summit is running from the 25th to the 27th of July.

Realising Africa’s Potential

This year’s summit is running under the theme “BRICS in Africa”. The main agenda is to focus on the growth and prosperity of Africa through engaging other international states.

Economist of Argon Asset Management Thabi Leoka highlighted that South Africa will pave a way for other African nations to join BRICS so that everyone on the continent benefits.

BRICS Future Plans

BRICS is aiming to form working groups on peacekeeping. This a way of maintaining peace in the Africa continent and the world at large. Groups are being put in place to improve interaction each.

This is a way to improve dialogue and economic growth in Africa. BRICS gender and women forum are advancing the partnership to enhance the fourth industrial revolution.

Gauteng Province is the economic backbone of South Africa. Therefore it was ideal for the summit to take place in the city of gold. Alfred Tau the deputy- director of Gauteng Economic Development believes that the summit will attract investments and create jobs.

The BRICS summit has contributed  $17.8 Billion worth of investment in South Africa. This increased the country’s total trade to R461 Billion from R425 Billion.