South Africa Makes Huge Announcement on Second Phase of BRICS Expansion
The BRICS alliance inducted six new countries into the bloc during the summit in Johannesburg. The six countries are Saudi Arabia, the UAE, Egypt, Argentina, Iran, and Ethiopia. The countries are set to officially join the group and be a part of the summit in 2024. This makes the BRICS turn into BRICS +, which will be an 11-nation member. However, South Africa ’s President Cyril Ramaphosa made a huge announcement about the second phase of the BRICS expansion. According to his statement, many more countries are set to be inducted into the group in the coming months. Also Read: BRICS Expansion Will Significantly Speed-up De-Dollarization Second Phase of BRICS Expansion To Follow, Confirms South Africa’s President Cyril Ramaphosa, South Africa’s president, during the South Africa Investment Conference in Johannesburg, South Africa, on Thursday, April 13, 2023. On the last day of the 2023 summit, Ramaphosa confirmed that the second phase of the expansion wo...