Sunday, July 27, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

South Africa’s Foreign Minster Hints 3 Countries Are Set To Join BRICS

Simon Osuji by Simon Osuji
August 1, 2023
in Business
0
South Africa’s Foreign Minster Hints 3 Countries Are Set To Join BRICS
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

South Africa’s Foreign Minister Naledi Pandor hints at BRICS expansion in August. The BRICS summit will be held in Johannesburg and the bloc of five nations will jointly decide on the expansion. A total of 44 countries have expressed interest to join the BRICS bloc a month ahead of the summit. While 22 countries have formally sent their applications, the other 22 nations have expressed interest verbally.

Also Read: 74 Countries Ready To Attend BRICS Summit In August

Out of the 44 countries, only three nations might be inducted into the BRICS alliance, according to Pandor. The announcement regarding the induction could be made during the next summit in August. BRICS is an acronym for Brazil, Russia, India, China, and South Africa. Russia’s Vladimir Putin will attend the summit virtually in fear of being arrested for war crimes against Ukraine.

3 New Countries Ready To Join BRICS Alliance In August Summit

South Africa Foreign Minister Naledi Pandor China Wang Yi BRICS Summit
Source: newsus.cgtn.com

Pandor indicated that three new countries could join the BRICS alliance this year making the expansion to BRICS+. However, she did not disclose the names of the three countries but said that “fantastic” news will be revealed at the summit.

Also Read: BRICS: Bolivia Ditches U.S. Dollar, Pays Chinese Yuan for Global Trade

The three new countries most likely to join the bloc are Saudi Arabia, the United Arab Emirates (UAE), and Argentina. BRICS needs funding from oil-rich countries and Saudi Arabia and the UAE might be the best choice for induction. The New Development Bank (NDB) is already in talks with Saudi Arabia to receive funding and challenge the U.S. dollar.

On the other hand, Argentina is allowing multinational cooperations to settle trade in the Chinese Yuan and not the U.S. dollar. Argentina is facing a dollar shortage and could stand a chance to enter the BRICS bloc. Read here to know how America’s leading home appliance brand Whirlpool is eager to pay in the Chinese Yuan and not the U.S. dollar in Argentina.

Also Read: Russia & India Make Huge Announcement on BRICS Currency

Source link

Related posts

Top 10 African countries with the largest population of children in 2025

Top 10 African countries with the largest population of children in 2025

July 27, 2025
Nigeria strengthens military ties with breakaway Sahel states amid insecurity

Nigeria strengthens military ties with breakaway Sahel states amid insecurity

July 26, 2025
Previous Post

Vivianne Miedema on World Cup injuries: ‘I’ve had to turn off the TV. It’s too painful’

Next Post

Why Ayesha isn’t featured in Curry documentary like Brittany Mahomes in Quarterback

Next Post
Why Ayesha isn’t featured in Curry documentary like Brittany Mahomes in Quarterback

Why Ayesha isn't featured in Curry documentary like Brittany Mahomes in Quarterback

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Kenya’s Ice Hockey Ambitions – Africa.com

Kenya’s Ice Hockey Ambitions – Africa.com

6 months ago
Energy industry veterans launch Aberdeen ‘Squid’ firm Encomara

Energy industry veterans launch Aberdeen ‘Squid’ firm Encomara

2 years ago
Awe-Inspiring Aerial Extravaganza Soars Above Pretoria, Showcasing Future of Aviation

Awe-Inspiring Aerial Extravaganza Soars Above Pretoria, Showcasing Future of Aviation

10 months ago
Vice Minister for Foreign Affairs discusses with Egyptian Red Crescent and donates in supporting humanitarian assistance operation

Vice Minister for Foreign Affairs discusses with Egyptian Red Crescent and donates in supporting humanitarian assistance operation

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.