BRICS

Economist Critiques China’s Influence in Africa Amid Minister’s Visit

Reports indicate that Economist Salomo Hei criticized China's influence in Africa, calling it one-sided. Hei’s remarks came in response to the visit of China’s foreign affairs minister Wang Yi, who met with Vice President Netumbo Nandi-Ndaitwah at the Old State House in Windhoek. Wang, whose visit marks his first stop in Africa, will continue his tour with visits to the Democratic Republic of Congo, Chad, and Nigeria. Hei noted that […]

7 January, 2025 42

Africa

BRICS nations would suffer under a 100 percent tariff from Trump

The economies of BRICS nations would be damaged should US president-elect Donald Trump impose a 100-percent tariff on the countries. This is according to Future Forex CEO, Harry Scherzer. Trump has threatened to impose the tariff if BRICS countries were to create a rival currency to the US dollar. Scherzer says the possibility that Trump sticks to his guns and does impose tariffs, would hamstring South Africa in […]

3 December, 2024 33

Business / Economics

SA’s Ramaphosa responds to Donald Trump’s threats

South Africa’s President, Cyril Ramaphosa says the country will facilitate diplomatic talks with US president-elect Donald Trump, rather than engage in social media clashes over bilateral matters. This comes after Trump threatened to impose 100 percent tariffs on BRICS countries if they were to create a currency rival to the US dollar. Ramaphosa says the G20 presidency will see South Africa work closely with the US.

2 December, 2024 32

Business / Economics

Donald Trump threatens 100% tariffs on BRICS

US President-elect Donald Trump has warned BRICS nations against creating a new currency to replace the US dollar, demanding commitments to maintain the dollar's dominance. He also repeated threats to levy a 100% tariff. Bloomberg reports that Saturday’s threat on Truth Social took on new relevance as the president-elect prepares to retake power in January. In response, South Africa’s former Public Protector Thuli Madonsela criticized Trump’s position on X, saying […]

2 December, 2024 32

Oshiwambo

Cyril Ramaphosa audaneka ekwatafano lavo na Russia tali pula komesho

Omu President wa SA Cyril Ramaphosa, okwa kwashilipaleka ekwatafano lavo no mupresident wa Russian, Vladimir Putin tali pula komesho. oshikundaneki sho africanews osha lopota kutya, Ramaphosa edi okwe dipopila moshilando Kazan, omo vashakena nambushe waye moilonga wa Russia, oku kufa ombinga moshongalele oshi 16th shoilyolongo yo BRICS. Meenghundafana dovaleli voilyolongo yopavali oda talika dali yoo da pambula kombinga yoomaupyakadi akuma ounyuni oshoyo ekwatafano okulongela kumwe pokati ka Pretoria na Moscow. […]

23 October, 2024 27 1

South Africa

President Cyril Ramaphosa says South Africa is ready to play its part in realising the economic potential of Brics

President Cyril Ramaphosa says South Africa is ready to play its part in realising the economic potential of Brics. The nine-member bloc, Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, accounts for 27-percent of the global growth-domestic product and a fifth of the world’s exports. Addressing the BRICS Business Forum meeting virtually, Ramaphosa urged countries to participate in the growth of South Africa […]

21 October, 2024 39

Business / Economics

21 October 2024 Morning Biz News: October Highlights and Financial Indicators

In October, Pupkewitz Megabuild reported a significant year-on-year decline in its basket value, setting it apart among the four major hardware stores in Windhoek, as noted in The Brief survey. The store experienced a 15.25% decrease in basket value compared to October 2023, although there was a slight month-on-month increase of 0.15%. In global economic news, Russian President Vladimir Putin announced that the BRICS group is expected to lead […]

21 October, 2024 26

South Africa

South African agriculture needs to crack the Chinese market. How to boost exports

By Wandile Sihlobo, Stellenbosch University South Africa’s agricultural sector has more than doubled in value and volume terms since 1994. This success has been linked to international trade. Exports now account for roughly half (in value terms) of the annual agricultural production. Other drivers have been improvements in productivity through crop and animal genetics. Exports are largely to the rest of the African continent. In 2023 these […]

16 September, 2024 32

World

East is East, West is West − and Turkey is looking to forge its own BRICS path between the two

We’re gonna need a bigger acronym. Mike Hutchings/AFP via Getty Images) By Jorge Heine, Boston University Turkey tends to march to its own drum in international affairs. Take the United Nations vote on Dec. 14, 2022, when the body’s General Assembly approved a resolution in favor of a New International Economic Order. Some 123 member states – largely the countries of Africa, Asia and Latin America – […]

12 September, 2024 49