BRICS: 10th summit in South Africa

From 25th to 27th July, Johannesburg is the  political stage for the 10th BRICS summit.

In addition to Brazil, Russia, India, China and South Africa, the summit will include the presence of several african heads of state, because one of the main issues will focus on the cooperation with Africa.

South Africa which has a new leader, Cyril Ramaphosa, will take this opportunity to emphasize the potential of the country to its counterparts, after the previous government of Jacob Zuma was associated with schemes of corruption or shaddy  businesses. South Africa, thus aims to regain the international credibility lost in recent years.

This 10th Summit, which brings together a group of emerging powers, will focus on the subject "Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution" and will take place at the Sandton Convention Center in the north of Johannesburg.

Since South Africa has lost much of its credibility on the international scene, and this has been reflected in the economy, the main goal of the country will be to strengthen its cooperative relations with the other BRICs, while not neglecting existing contacts with the Union European Union and the United States.

The three priority areas for cooperation will be infrastructures, clean energy and empowerment, with special emphasis on the importance of women to social progress.

Last but not least, the BRICS should also take into account the development of their own institutions.  The New Development Bank - a creation of the BRICS- aims to make emerging economies more independent of the International Monetary Fund and the World Bank. The bank, which grants loans for public and private infrastructure and sustainable development projects,  will  also be discussed at the summit.

China is undoubtedly the "driver".  For that reason, alll BRICS try to take advantage of this special relationship with China within this proposed framework, especially South Africa, which only contributes to 3 percent of the BRICS economic strength.

BRICS is still at the beginning, yet there are many doubts  whether it can survive political change at the respective national levels.