With the successful holding of the fifth summit of Brazil, Russia, India, China and South Africa (BRICS) in Durban during March 26–27, 2013, this influential group of emerging economies completed its first important phase of genesis and evolution. The idea was floated in 2001 as an ‘acronym’ created by an investment banker of Goldman Sachs, Jim O'Neil who believed that the fast-growing economies of Brazil, Russia, China and India would be the single greatest game changers in coming times.
South Africa’s Rhetoric of Non-alignment in Focus
The paradox of South Africa being formally neutral on Russia’s invasion of Ukraine, yet parallelly deepening military relationship with Russia, is continuing to strain US–South Africa relations.