South Africa

South Africa’s says it cannot yet determine its stance on a common BRICS currency

today22 January, 2025

Background

 

South Africa’s Deputy president Paul Mashatile says his country cannot yet determine its stance on a common BRICS currency. Highlighting the country’s reliance on the US dollar, Mashatile emphasised the need for caution in trade decisions. He noted that while discussions continue, South Africa must prioritise its economic stability before committing to such significant shifts:

 

Written by: Leonard Witbeen