JOHANNESBURG - President Cyril Ramaphosa, along with his Chinese counterpart, President Xi Jinping attended the BRICS Summit that began on Wednesday in Sandton at the convention center.
The summit is set to take place in Johannesburg for three days and in the highlight session of the day, the presidential address saw the two presidents express their willingness for their governments to cooperate with business stakeholders to improve the economies of their countries as well as the other BRICS nations.
At the Summit, the two heads of states were invited to be apart of the summit by Minister of Trade and Industry, Rob Davies.
Ahead of their talks, the minister gave the presidents a rundown of proceedings of the day at the BRICS Summit.
President Cyril Ramaphosa welcomes the dignitaries at the summit and said that one of the most important achievements of BRICS was the established of the Development Bank, which he said filled a critical gap in funding.
Ramaphosa says since its establishment, the #BRICS development bank has issued R25.1 billion loans. Also says there great potential for in investment in Africa. #BRICSZA #BRICS2018 @busrep @IOL pic.twitter.com/dxGyekSua8
— Noni Mokati (@Noni_M2) July 25, 2018
Ramaphosa: "As South Africa we acknowledged that to effectively deal with our key challenges (poverty, unemployment and inequality) we need to signifcantly increase the level of investment in our economy." @busrep @IOL #BRICSZA #BRICS2018
— Noni Mokati (@Noni_M2) July 25, 2018
“SA supports a shift towards complimentary value added trade.” - #CyrilRamaphosa speaking at the #BRICS2018 summit. #BRICSsummit @BRICS_10 @IOL @IndyMediaSA pic.twitter.com/x0ulgapZLh
— Business Report (@busrep) July 25, 2018
“There is great potential for investment in Africa. Growth will be supported by this increasing forum. Africa’s working age population is expected to double to 1bn in the next 25 years," Ramaphosa added.
“We need to increase the level of investment in our economy to lift growth and create jobs for the unemployed. We have embarked on an investment drive to meet with investors all over the world.” - #CyrilRamaphosa speaking at the #BRICS2018 Summit in Sandton. @IndyMediaSA @IOL pic.twitter.com/ucb3Iuwzdn
— Business Report (@busrep) July 25, 2018
WATCH: President Cyril Ramaphosa speaking at the BRICS Summit:
#PresidentCyrilRamaphosa speaking at the #BRICSSummit #BRICS2018 #BRICSZA @IOL @IndyMediaSA pic.twitter.com/zovbWfoXdK
— Business Report (@busrep) July 25, 2018