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South Africa Values its Relations with Russia and BRICS

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Mzuvukile Maqetuka Russia and BRICS

By Kestér Kenn Klomegâh

This insightful interview offers an understanding of the current relations between South Africa and Russia and BRICS. It focuses on bilateral economic cooperation between South Africa and Russia and some aspects of the BRICS.

With an estimated 58 million population, South Africa is the 25th largest country in the world. It has friendly relations dating from the Soviet times and now with the Russian Federation. It joined BRICS, an organisation of five emerging economies, in December 2010 in line with the country’s foreign policy to strengthen South-South relations.

Ambassador Extraordinary and Plenipotentiary of the Republic of South Africa to the Russian Federation and the Republic of Belarus, Mzuvukile Maqetuka, who has been in this current post since 2021, gave this interview to our media executive Kestér Kenn Klomegâh in Moscow. Here are the interview excerpts:

First, what are your Government’s position and your thoughts on the emerging world order? Do you think the absolute neutral position by a majority of African countries helps push the evolutionary process of this new world order?

South Africa’s neutral position is consistent in all military conflicts around the world, and the international community needs to work together to bring peace.

South Africa is committed to the articles of the United Nations (UN) Charter, including the principle that all members shall settle their international disputes by peaceful means. Since the dawn of democracy in South Africa almost 30 years ago, we have called for the reform of the United Nations and multilateral organisations to make such structures more representative, inclusive of African representation.

South Africa is a sovereign state governed by a democratic Constitution and committed to the consistent application of international law. We will continue to fulfil our obligations in terms of the various international agreements and treaties to which we are signatories.

In the Russia-Ukraine conflict, the international community needs to achieve a cessation of hostilities urgently and to prevent further loss of life and displacement of civilians in Ukraine.  It needs to support meaningful dialogue towards lasting peace, ensuring all nations’ security and stability. We support the principle that members should refrain from the threat or use of force against other states’ territorial integrity or political independence. The South African position seeks to contribute to the creation of conditions that make the achievement of a durable resolution of the conflict possible.

What are the key results from the last June meeting of the Russia-South African Business Council at the Russian Chamber of Commerce and Industry? What challenges have been identified as hindering economic cooperation between the two countries?

Russia and South Africa are known to be closely cooperating in the mining and energy sectors. What efforts is your country making to diversify investment opportunities into other sectors for Russian business people?

In what areas do you think the Russia-South African bilateral relations could be improved, and what do you suggest to be done, promoting relations both ways?

South Africa–Russia Business Council submits the reports of their meetings to the Joint Intergovernmental Committee on Trade and Economic Cooperation (ITEC) chaired by the Minister of International Relations and Cooperation of South Africa and the Minister of Natural Resources and Environment of the Russian Federation.  The last session of ITEC was held in Pretoria on 30 March 2023.

Russia and South Africa are focusing on intensifying trade relations and economic development.  Both countries aspire to strengthen cooperation within the Russian-South African business community.

One of the current priorities of the SA-Russia Business Council is to develop a joint programme of cooperation which would involve relevant authorities on both sides to facilitate business-to-business meetings in identified sectors.

Some of the subcommittees in the Business Council continue to perform exceptionally well.  For example, the Agricultural Subcommittee has maintained high levels of agricultural exports to the Russian Federation.  South African citrus fruit exports to Russia are of top quality and fall within the top 3 of citrus fruit exporter countries for the Russian market.

Another example is South African wines exported to the Russian Federation, such as KWV wines which have recently achieved a spot in the top 50 and are one of four South African wine brands in the “World’s Most Admired Wine Brand in Africa & Middle East”.

According to the South African Department of Trade and Competition (dtic) statistics, total trade (export + import) between South Africa and Russia in March 2023 was R638,945,978 South African Rand.

In March 2023, total exports from South Africa to Russia were R392,335,607.  In comparison to February 2023, the total exports increased by 38%.  In comparison to the same period of 2022 (March 2022), exports increased by 298%.

Now that you have arrived as the South African ambassador, what would you say are your Government’s priorities then? What are, generally, the investment opportunities for external countries and foreign investors in South Africa?

South Africa has one of the biggest economies on the continent, and it is still rapidly developing. South Africa is the most diversified as well as the most industrialised economy on the continent.

The South African economy is essentially based on private enterprise, but the state participates in many ways. Economic policy has been aimed primarily at sustaining growth and achieving a measure of industrial self-sufficiency. Agriculture is of major importance to South Africa. It produces significant exports and contributes greatly to the domestic economy.

South Africa is rich in a variety of minerals. In addition to diamonds and gold, the country also contains iron ore, platinum, manganese, chromium, copper, uranium, silver, beryllium, and titanium reserves. Not many deposits of petroleum have been found that may be commercially exploitable, but there are moderate quantities of natural gas located off the southern coast, and synthetic fuel is made from coal at two large plants in the provinces of Free State and Mpumalanga. South Africa is the world’s largest producer of platinum and chromium, mined at centres such as Rustenburg and Steelpoort in the northeast and becoming increasingly significant economically.

The major manufacturing sectors are food processing and the production of textiles, metals, and chemicals. Agriculture and fisheries provide the basis for substantial activity in meat, fish, and fruit canning, sugar refining, and other processing; more than half of these products are exported.

A large and complex chemical industry has developed from early beginnings in the manufacture of explosives for use in mining. A coal-based petrochemical industry produces a wide range of plastics, resins, and industrial chemicals.

South Africa has a well-developed financial system centred on the South African Reserve Bank, which is the sole issuing authority for the rand, the national currency. There are many registered banking institutions, a number of which concentrate on commercial banking, as well as merchant, savings, investment, and discount banks. One such bank, the Development Bank of Southern Africa, is a quasi-governmental company created to promote development projects. Private pensions, provident funds, and more than two dozen insurance companies play significant roles in the financial sector.

Tourism is becoming increasingly important to South Africa’s economy, and this sector, which is an economic driver, is finally making a positive recovery post-Covid-19. While the majority of tourists still come from African countries, an increasing number of arrivals are from Europe, the Americas and Russia. Since SA and Russia signed the visa waiver agreement in 2017, which allows for 90-day visa-free travel between our two countries, we have seen a steady increase in Russian tourists visiting South Africa.

South Africa welcomed and fully supported the adoption by African nations of the African Continental Free Trade Agreement (AfCFTA), which we believe will contribute tremendously in pursuit of the economic integration of our continent towards the attainment of our vision: Agenda 2063, the Africa We Want.

Through the implementation of AfCFTA, African states are determined to increase manufacturing and industrial capacity so that we trade in African goods and products produced in Africa.

As the largest African investor in other African countries, South Africa hopes to build on this and mobilise resources for industrial investment.

How comparable is Russia to those external investors in South Africa? Why are China and India so popular with economic diplomacy there in your country?

South Africa was the first member of an expanded BRICS in 2010 when the group of four (Brazil, Russia, India and China) was already holding its 3rd Summit in China that year. We consider it an honour to have been invited to form part of this partnership of leading emerging markets and developing countries.

Together, the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa represent over 42% of the global population, 30% of the world’s territory, 23% of GDP and 18% of global trade.

The BRICS partnership has grown in scope and depth, with BRICS members exploring practical cooperation in a spirit of openness and solidarity to find mutual interests and common values. Around 150 meetings are held annually across the three pillars of BRICS cooperation: political and security cooperation, financial and economic cooperation, and cultural and people-to-people cooperation. Over 30 agreements and memoranda of understanding provide a legal foundation for cooperation in areas as diverse as the Contingent Reserve Arrangement, customs, tax, interbank cooperation, culture, science, technology and innovation, agricultural research, energy efficiency, competition policy and diplomatic academies.

The South African Minister of International Relations and Cooperation, Dr Naledi Pandor, hosted the most recent Meeting of BRICS Ministers of Foreign Affairs and International Relations on 1 June 2023 in Cape Town. The mid-term meeting provided an opportunity for BRICS Foreign Ministers to reflect on regional and global developments. The ministerial meeting was preceded by the meeting of Sherpas and Sous-Sherpas from 29 – 30 May 2023, and the Russian delegation attended all these meetings in Cape Town; Minister Lavrov was leading the delegation.

As chair of BRICS, South Africa practices the policy of inclusive engagement and invited 15 Foreign Ministers from Africa and the global south to a “Friends of BRICS” meeting held on 2 June 2023.

From 22 to 24 August 2023, all BRICS Leaders are expected to attend the 15th BRICS Summit in South Africa at the Sandton Convention Centre (SCC) in Johannesburg, Gauteng.

BRICS Leaders will engage with business during the BRICS Business Forum and engage with the New Development Bank, BRICS Business Council and other mechanisms during the Summit. South Africa will also continue its Outreach to Leaders from Africa and the global South and hold a BRICS Outreach and BRICS Plus Dialogue during the 15th BRICS Summit.

Do you also think that Russia can engage in the transfer of its science and technology in different sectors to Africa? What else do you have on the agenda in the Russian Federation?

In May 2023, a delegation from South Africa’s Department of Science and Innovation (DSI) and the Technology Innovation Agency (TIA) travelled to Moscow to attend the annual Skolkovo Startup Village. During the delegation’s visit to Russia, Memoranda of Understanding were signed in the field of innovation and technology.

TIA is a national public entity in South Africa that serves as the key institutional intervention to bridge the innovation chasm between research and development from higher education institutions, science councils, public entities, and the private sector, and commercialisation. The Organization’s focus is on technological development, from proof of concept to pre-commercialisation.

The Russian Federation has identified the expansion of science and technology cooperation, as spearheaded by the Russian Academy of Science, as an important part of its renewed engagement with the African Continent; this is witnessed in the theme of the Economic and Humanitarian Forum that forms part of the 2nd Russia-Africa Summit scheduled for July 2023, i.e., Technology and Security for Sovereign Development that Benefits People.  The Summit is scheduled to discuss very important themes, including Infrastructure, Innovation, and Improvements to the Urban Environment; Nuclear Technologies for African Development; Building Independent Systems for Assessing and Promoting National Science Programmes in Russia and Africa: Opportunities for Mutual Support;  Achieving Technological Sovereignty Through Industrial Cooperation;  Improving the Reliability of Africa’s Energy Infrastructure with Low Emission Technologies;  How Russian Digital Technologies Can Boost Africa’s Industrial Potential;  Bringing Russian Prospecting and Development Technologies to Africa;  Effective Healthcare Cooperation: Technologies, Innovations, Human Capital;  Bringing Russian Shipbuilding to Africa: A Modern Fleet to Develop the Entire Continent;  An Emerging Global Order as Seen by African and Russian Researchers: Alternatives to Western Models.

What is your assessment of the possibilities of a joint, coordinated foreign trade policy within the BRICS? What do you think about the proposal to introduce national currency trade settlement arrangements within the BRICS?

The South African Reserve Bank will give consideration to possible national currency trade settlement arrangements amongst BRICS countries following extensive and detailed work on the matter.

Key questions will include its intended arrangement, and consideration will be given to any related risk, including, though not limited to, any sanctions risk to South Africa.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Afreximbank Okays $10bn Crisis Fund to Shield Africa from Iran War Impact

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Afreximbank

By Adedapo Adesanya

Pan-African multilateral financial institution, the African Export-Import Bank (Afreximbank), has approved a $10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impact of the ongoing Iran war.

The GCRP builds on a series of timely emergency interventions introduced by the lender in recent years, which have helped cushion most economies from the impact of recent shocks such as the commodity shock of 2015/16, the COVID-19 Pandemic of 2020/2021 and the Ukraine crisis of 2023/24.

The latest conflict, which escalated on February 28, 2026, has sent shockwaves through the global economy, with African and Caribbean economies bearing the largest share of the brunt. These impacts specifically affect nations that heavily rely on fuel, fertiliser, and food imports, alongside those exposed to Gulf shipping corridors, investment flows, tourism and remittance inflows.

According to Afreximbank in a statement on Tuesday, GCRP is designed to, among others, sustain essential imports – including fuel, LNG, food, fertiliser, pharmaceuticals – by providing vital short-term Foreign Exchange (FX) and liquidity to support vulnerable member states. It further aims to empower African energy and minerals exporters to capitalise on elevated prices and rerouted trade flows by scaling productive capacity in strategic commodities through pre-export finance, working capital, and inventory financing. Additionally, it provides short-term relief to African and Caribbean member states whose tourism and aviation industries have been adversely impacted by the crisis.

The programme is also designed to build the medium to long-term resilience of African and Caribbean economies against future shocks by scaling productive capacities for producers and exporters of energy, minerals while accelerating the completion of critical energy, port, and logistics infrastructure projects in African and Caribbean member states, delayed by the conflict.

Commenting on the facility, launched on March 31, 2026, Mr George Elombi, President and Chairman of the Board of Directors at Afreximbank, said: “This crisis response programme is in tune with our DNA. We understand how our economies work and the pain points associated with these transitory crises. The programme will support African countries in adjusting smoothly to the crisis while strengthening their resilience to future shocks through interventions that transform the structure of their economies.”

Through GCRP, Afreximbank has already begun taking proactive steps through partnerships with banks and corporates to secure fuel, other energy supplies, fertilisers, and essential food imports, whose supplies have been interrupted by the elongation of the crisis.

Beyond the financing, Afreximbank will spearhead a coordinated regional response in partnership with the UN Economic Commission for Africa (UNECA), the African Union Commission (AUC), the African Continental Free Trade Area (AfCFTA) Secretariat, and the Caribbean Community (CARICOM) Secretariat to strengthen regional coordination on energy security, trade resilience, and supply chain diversification.

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Russia Investing in Developing Africa’s Transport Networks

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Africa's Transport Networks

By Kestér Kenn Klomegâh

At the plenary session under the theme “Development Through Access to Global Markets” organised during the first International Transport and Logistics Forum held in St. Petersburg, both Russian and African speakers have acknowledged, in their high-quality presentations, the importance of fostering understanding of transport innovations, shifting investment and the possibility of addressing current infrastructure challenges for economic growth.

In promoting comprehensive cooperation in the transport and logistics sphere, Deputy Minister of Transport of the Russian Federation, Dmitry Zverev, stressed that the African continent is one of the fastest-growing regions of the world, demonstrating an average GDP growth rate of 4.5% per year.

According to expert projections, by 2050, Africa’s population will reach 2.5 billion people. To ensure logistical links, it is necessary to build a clear and understandable dialogue with partners, working simultaneously at two levels: at the level of governments, through intergovernmental agreements, and at the level of co-business partnerships. Russian transport corridors guarantee the stability of supplies. Today, there are issues of food security, fertiliser supply and formation of new chains, and other emerging geopolitical challenges facing Africa.

As the guest/main speaker, Zverev explained that Russian companies such as FESCO, RZD, GLONASS and Avtodor are actively involved in this process. This is a unique experience sharing technology and infrastructure solutions in significant volumes. “And frankly, that’s an important image distinction of Russia: we’re not just exporting or selling something – we’re offering technologies and cooperation. Together with technologies, we provide training and prepare national personnel who will work on their transport infrastructure in the future,” asserted Zverev.

Minister of Energy and Infrastructure of the United Arab Emirates, Suhail Mohammed Al Mazrouei, spoke of his country’s decision to invest significant money in the development of its railway infrastructure, with work already underway to connect to Oman by rail and open up new opportunities for freight transportation to Africa and Asia.

“We continue to invest in the development of our country’s logistics network and alternative routes. Russia is an important exporter of raw materials, and development in its regions will contribute to economic growth across the globe. Central Asia is also emerging as a key player, and we are investing in the region’s infrastructure and connecting China to the global economy through Russia and the Middle East,” he said.

Minister Delegate for Maritime Economy of the Ministry of Maritime Economy, Fisheries, and Coastal Protection of the Togolese Republic, Kokou Edem Tengue, spoke of the importance of understanding the African perspective on changing maritime routes as the situation around the Suez Canal and the Strait of Hormuz creates new opportunities for West Africa.

The Port of Lomé, the largest container port in Sub-Saharan Africa, handles approximately 30 million tonnes of goods annually, and its importance for the region is difficult to overstate. “We are actively working with Mali, Burkina Faso, and Niger; the Port of Lomé is a key logistics hub for the landlocked nations of the Sahel,” he said. “It should be noted that Africa relies on chemical fertilisers and grain produced in Russia. We believe that the Port of Lomé could be a part of new sea routes between Africa and Russia.”

In his speech, Minister of Transport of the United Republic of Tanzania, Makame Mnyaa Mbarawa, reported on the active modernisation of the Dar es Salaam port. Previously, the depth of the water was 9–12 meters; now it has increased to 12–15 meters. An increase in the number of operators operating in the port is planned. Thanks to these measures, cargo turnover increased significantly, and ship handling times decreased from 10 days to 2–3. This is an important achievement, after all, speed is a key factor for investors.

However, the port cannot function in isolation; it needs modern rail infrastructure. Tanzania’s government is leading the construction of a new railway to Kigoma, and then into Burundi and south, creating a reliable transportation artery. Dar es Salaam will become a gateway to Burundi, Rwanda, Malawi and Zambia, which depend on cargo flow through this port. Therefore, the development of the port and associated railway is of strategic importance in the region.

“In parallel, the modernisation of the TAZARA railway is going on – a historic artery that requires an upgrade. The private sector is actively involved in this work. After revitalisation, this line will become a key link between Dar es Salaam port and Zambia, he stated. The Government of Tanzania will make every effort to implement these projects and will work closely with the private sector. We invite Russian companies – both state and private – to participate in logistics projects and port infrastructure modernisation.”

As far as road safety in Niger is concerned, the country is facing various challenges that require finding ways to improve the situation, according to the Speaker from Niger, Abdurakhaman Amadou. Within the framework of the discussion, he also noted that an important step was to upgrade the car park and road network. As Niger has no access to the sea, the emphasis is on road traffic to ensure the country’s supply.

“We have access to the port of Lome in the Togolese Republic, which remains neutral towards us. However, the Caton port is closed for us, which created serious difficulties as 80% of our exports and imports passed through it. Recently, the situation has started to improve due to the construction of a railway by Nigeria, which will provide us with access to its ports,” Abdurakhaman informed.

In addition, diplomatic relations with Algeria have been restored after a long hiatus, which opens an exit to the Mediterranean. The conference of Islamic states confirmed the intention to build a grand railway linking Dakar and Djibouti across the entire continent from west to east. This railway will partially pass through Niger, which will be an important step in the development of the region’s transportation infrastructure.

President Vladimir Putin, in a message to participants, organisers, and attendees of the International Transport and Logistics Forum, says that Russia is ready to share its experience through joint science and technology programmes and, of course, by training specialists able to ensure the development of transport and logistics in the 21st century, using a new technological foundation. The Transport and Logistics forum was held for the first time on April 1-3 in St. Petersburg, the second-largest city in the Russian Federation.

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How Russia’s Multifaceted Relations Changing Egypt

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Russia partners Egypt

By Kestér Kenn Klomegâh

The Arab Republic of Egypt, a country spanning the northeast corner of Africa and the southwest corner of Asia, has a highly strategic location and attracts multifaceted interests of foreign players. For decades, Russia has established diplomatic relations with Egypt and has consistently sustained diverse ties with this country. It is no secret that Russia’s lust for the region is primarily due to the strategic importance of the Mediterranean Sea for investment and economic cooperation with the Maghreb region.

Determined to strengthen, particularly, economic cooperation, Russian President Vladimir Putin has maintained regular contacts with his colleague, President of Egypt, Abdel Fattah el-Sisi, mostly discussing both bilateral cooperation and broader regional developments. The current world’s geopolitical development, for instance, the United States-Israeli war on Iran in the Middle East, constitutes one theme both leaders frequently review, attempting to find long-term solutions.

On April 2, Putin met with the Minister of Foreign Affairs, Emigration, and Egyptian Expatriates of the Arab Republic of Egypt, Badr Abdelatty, in the Kremlin – the seat of Russia’s presidency. In attendance during the official talks on the Russian side were Foreign Minister Sergei Lavrov and Presidential Aide Yury Ushakov, while Egypt was represented by Ambassador Extraordinary and Plenipotentiary to the Russian Federation Hamdy Shaaban. Ultimately, there is no need to overstate the importance of this meeting.

Russia’s footprints are expanding in Egypt, highlighting the growing industrial investment and the strengthening of bilateral manufacturing ties by undertaking projects to ensure energy security. At the same time, maintaining regular dialogue remains very important for both leaders.

Putin, speaking with the three-member delegation in the Kremlin, underlined the fact that there are many promising initiatives underway, many of which are already being implemented. He has previously spoken in detail about the construction of a nuclear power plant and the construction of an industrial zone, and over ten major Russian companies have expressed interest in participating in this project.

Nuclear Plants in El-Dabaa, Egypt

The construction of nuclear plants in the city of El-Dabaa, about 320 kilometres northwest of Cairo, the capital of Egypt. It is the first nuclear power plant in Egypt, and will have four VVER-1200 reactors, making Egypt the only country in the region to have a Generation III+ reactor. On November 19, 2015, Egypt and Russia signed an initial agreement, under which Russia agreed to build and finance Egypt’s first nuclear power plant. These are now being carried out, not as a charity project, but with a loan of $28 billion. According to reports, Russia will finance 85% as a state loan of $25 billion, and Egypt will provide the remaining 15% in the form of instalments. The Russian loan has a repayment period of 22 years, with an annual interest rate of 3%.

At the meeting, Putin also raised the construction of an industrial zone in Egypt. There are many appealing and related opportunities in this, regarding having an industrial zone to be located on the banks of the Suez Canal. The industrial zone is also entering a new phase, as Russian auto-manufacturing enterprises are advancing distinctive plans to expand local vehicle production, reinforcing the country’s role as a regional manufacturing hub. The move reflects broader economic linkages between Russia and Africa, particularly in industrial development and supply chain integration.

Conveying Greetings and Reviewing the Middle East Situation

Naturally, the situation in the region remains a shared concern, according to Putin, and further hope that the ongoing conflict will be promptly resolved. “As you know, President Trump also addressed this issue yesterday. Let me reiterate that we are prepared to make every effort to help stabilise the situation and, as they say in such cases, return it to normal,” he stressed during the meeting. In this context, it is particularly important to know Egypt’s assessment as a key country in the Middle East.

Putin reminded the delegation of another Russia-Africa summit, which is planned for October 2026. With high hopes that Egypt will be represented by a strong, high-level delegation. Should the Egyptian President’s schedule allow, he would, of course, ahead of the summit, be very pleased to welcome him to Moscow. Jointly chaired by Vladimir Putin and Abdel Fattah el-Sisi, the first Russia-Africa summit, an important acute phase of the developments with Africa, under the motto of ‘For Peace, Security and Development’, was held for the first time in October 2019, in Sochi, a city located on the Black Sea coast. The idea to hold a Russia-Africa forum was initiated by President Putin at the BRICS (Brazil, Russia, India, China and South Africa) summit in Johannesburg in July 2018.

The head of the Egyptian Foreign Ministry, as traditionally expected, conveyed greetings from President El-Sisi to the Russian president and handed over a written message. President el-Sisi places great value on all aspects of the bilateral cooperation, and is extremely grateful for constructive collaboration on the El Dabaa Nuclear Power Plant, which represents a key milestone in the partnership. Despite the challenges, it is evident that the project is moving forward and will be completed by 2028.

In summary, as Egypt and Russia are reliable and time-tested partners, Putin plans to promote strategic projects, particularly in trade, economics, energy, and food security. With over 107 million inhabitants, Egypt is the most populous country in the Arab world, the third-most populous country in Africa, and the 15th-most populous in the world.

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