More than 40 countries have expressed their interest in joining BRICS, which presents a great opportunity for these countries to become more self-reliant in terms of local production and manufacturing, according to Slauzy Zodwa Mogami, South Africa’s BRICS agribusiness chairperson. Mogami, who is also the CEO of Leading Ladies of Africa, a non-profit organization promoting women’s rights on the continent, made these comments during an interview with RT on the sidelines of the 15th BRICS Summit.
Having been involved with BRICS since its inception, South Africa was the first African nation to join the group. Mogami believes that now the entire African continent, with its more than 50 countries, could be joining BRICS. She noted that the majority of the nations that have applied for membership are from Africa. Mogami highlighted Africa’s vast resources and raw materials, stating that this makes BRICS an exciting platform for partnership.
Membership in BRICS offers an opportunity to break away from the limited scope of the unipolar world order. BRICS represents countries that account for more than 60% of the world’s GDP, providing a platform for countries to collaborate and avoid any one country dominating others. Mogami emphasized that BRICS is a partnership that is unique and inclusive.
One of the key points that Mogami raised is the fact that many countries that produce raw materials do not trade in their own currency. She believes that it is important for countries to trade and sell their products on the global market using their own local currency in order to benefit their own country. Mogami applauded BRICS for acknowledging the independence and sovereignty of countries, something she believes is long overdue.
When asked about the possibility of BRICS using its own common currency for trade, Mogami expressed her support. She argued that with the potential of 40 countries coming together and trading, it is only fair that these countries have a dominant currency that is used by the majority.
The 15th BRICS Summit recently concluded in Johannesburg, South Africa. Six new members, including Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, have been approved to join BRICS starting in January 2024.
Overall, the growing interest in joining BRICS presents vast opportunities for countries to become more self-reliant and independent in their economic activities. With its focus on partnership and inclusivity, BRICS offers a platform for collaboration and mutual benefits. The addition of new members will further strengthen the organization and broaden its impact on the global stage.