Ray Hartley - BRICS loses its clout

Loading player...
BRICS is suffering an identity crisis — and its foreign ministers' gathering in New Delhi has done nothing to resolve it. In this interview with Irakli, Platform for African Democrats custodian Ray Hartley asks the defining question: "What is the point of BRICS?" He warns that the bloc has become little more than pageantry: "The summit in India will be high-profile — guards of honour, jets flying overhead, the full spectacle. And then at the end of it, there will be no serious results, because they simply can't agree on much." On BRICS claiming to represent the Global South, Hartley is blunt: "Two of these countries — China and Russia — are not really part of the Global South. China is one of the most developed economies in the world. And then you have the giant oil states: Saudi Arabia, the UAE, Iran. These are super-rich countries with vast resources. They don't represent the Global South. They simply claim to." And while BRICS foreign ministers were exchanging pleasantries in New Delhi, Xi Jinping and Donald Trump were holding a bilateral summit — a contrast Hartley says speaks for itself: "It's really just a sideshow. It has no real-world effects — not economically in terms of trade or investment, and not politically either. It simply lacks coherence."
20 May 8AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: How South Africa House fell into disrepair on Dirco's watch

South Africa House in Trafalgar Square, a fixture of SA's diplomatic presence in London since 1933, has closed its doors, with the DA's Ryan Smith blaming decades of Dirco neglect and Dirco insisting it's a planned upgrade. Alec Hogg unpacks the row, plus three stories reshaping money and power: the…
15 Jul 10AM 24 min

Ian Cameron: “Strategic" top cop corruption & shock DNA backlog

In this wide-ranging interview with Chris Steyn, Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, details the shocking DNA testing backlog. “...this is literally how a child rapist, a child murderer, any murderer or rapist for that matter walks free. This is literally the way that the State,…
14 Jul 6AM 34 min

BN Daybreak: Iran war oil surge; Apple sues OpenAI; Endres on SA's fixed investment woes

In today's BizNews Daybreak we cover the escalating US-Iran conflict and its impact on soaring crude oil prices. In South Africa, Dr. John Endres critiques low fixed investment rates, SARU faces backlash over overpriced Springbok tickets, and over 53,000 undocumented foreign nationals are successfully repatriated. Finally, Apple hits OpenAI with…
13 Jul 11PM 18 min