Africa-Press – Uganda. <\/strong><\/span>Johannesburg – The end of the BRICS summit has been described by analysts as a defining moment that will change the face of geo-politics and realignment of the Global South to challenge the dominance of Western powers.<\/p>\nThe inclusion of six new members by BRICS shifted tectonic plates as this will catapult the bloc to be a major force controlling 37% of the world GDP.<\/p>\n
South Africa invited a number of countries from Africa to Latin America and other parts of the world to take part.<\/p>\n
UN Secretary-General Antonio Guterres and African Union chairperson Azali Assoumani called for a new world order.<\/p>\n
But Guterres said the new world order would not guarantee peace until certain things were done.<\/p>\n
Chinese President Xi Jinping said this summit was marking the end of the hegemonic world.<\/p>\n
President Cyril Ramaphosa said on the issue of the BRICS currency, leaders of the bloc agreed that their Finance Ministers would look at the use of national currencies to trade.<\/p>\n
This would mean most members of BRICS would stop using the dollar.<\/p>\n
Some of the countries like India, Brazil, Russia and China have already started trading in their national currencies over the last few months.<\/p>\n
Ramaphosa announced this week that Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia and Argentina will formally join BRICS in January next year.<\/p>\n
This will be the first phase of the expansion. Initially, it was said there were more than 23 countries that had expressed an interest to join.<\/p>\n
Professor Bheki Mngomezulu from Nelson Mandela University and Dr Sizo Nkala from the Centre for Africa-China Studies at the University of Johannesburg said the BRICS summit was a success and the issue of Russian leader Vladimir Putin did not overshadow significant decisions made at the summit.<\/p>\n
Nkala said the issue of Putin had put South Africa in a dilemma since the International Criminal Court issued a warrant of arrest in March.<\/p>\n
But he said the fact that Putin eventually decided to stay home and not travel to South Africa was the best decision.<\/p>\n
Nkala described the expansion of BRICS as a master stroke.<\/p>\n
\u201cSix new members were formally invited to join the group. Of course, there will always be debates over why a certain country was picked and not another as there were more than 20 interested countries. I think the new members bring qualities and attributes that will enhance the stature and strategic advantage of BRICS as it bids for more global influence,\u201d said Nkala.<\/p>\n
\u201cThe new members bring significant natural resources, sizeable populations, and geo-strategic location which can serve as a foundation on which BRICS can build. Moreover, the BRICS partners were in agreement on critical issues including the Russia-Ukraine war, digital economy, reducing reliance on the US dollar, and enhancing connectivity to boost trade and investment in the global south,\u201d said Nkala.<\/p>\n
Mngomezulu said this was a successful summit hosted by Pretoria. He said the issue of the expansion of BRICS was the most significant part of the meeting.<\/p>\n
There were more than 50 heads of state and governments from all over the world. This signified the importance of BRICS as a bloc and the role it plays in geo-politics. Mngomezulu said the expansion of BRICS was a defining moment.<\/p>\n
\u201cThe BRICS summit was a success, both for the group and South Africa as the host country. History was made with the first expansion of membership and the agreement on de-dollarisation,\u201d said Mngomezulu.<\/p>\n
The Saturday Star<\/b><\/p>\n
For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"The Saturday Star Africa-Press – Uganda. Johannesburg – The end of the BRICS summit has been described by analysts as a defining moment that will change the face of geo-politics and realignment of the Global South to challenge the dominance of Western powers. The inclusion of six new members by BRICS shifted tectonic plates as […]<\/p>\n","protected":false},"author":84,"featured_media":54850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,240,72,234],"class_list":["post-54851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-uganda","tag-brics","tag-uganda"],"yoast_head":"\n
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