security and of cost of respect for all members of the groups. now they just, they did leave the door open for future enlargement, potentially paving the way for a dozen small countries to join what they call the, the breaks the family and a person to re shuffle the world or to into 8 more multi polar ones. so as i've just said, the 15th annual summit in south africa is now edging towards its conclusion. over the past 3 days, the major events has attracted presidents, prime ministers on the list. and scholars a like, i know there on thursday, the big news line that the most is that more the, the group, the more than double as membership from john you is. i've just gone through the, the countries that will be joining us now across through the gatherings venue. and i'll see is a special studio with nicki are in a new new waco continue to it's done century for us. the hey, very welcome. it's been an absolute privilege to be here in johanna is booked south

africa for you over the past 3 days. as we're taking you through the 15th, it breaks the summit. now tectonic shift seems to be happening. new, new focus through what we've heard today. you know, like this, this announcement with the 6 countries has just completely shifted and counts and created a counterweight to the west and dominated global hedge of money. and i can't even begin to articulate the critical roles each and every one of these countries play. we now have 3 countries from them in the region, which is egypt. saudi arabia, any ran who can talk to each other, cross trade with each other. not to mention. they are economic powers because all of them come to the table with something to offer just incredible considering a few years ago. you wouldn't have imagines, with the tensions between them over the collapse of the around new kid tail. i never would have thought they would come together like this. and now here we have

them under the same umbrella. absolutely. and, and as the 5 meters have been seen, the bricks platforms is a place to broker piece and development. and this is testament to that because they have invited 56 unique countries with 3 of them had issues and the 2 on the content of africa also had a contention over the now river. argentina was having a struggle working with brazil because of the info edition that was put on it from the western states. so all of them really offer. and so mountable opportunities for economic development and the power that this blog will have. i mean the cdp, it can be or is 37 percent of the world cdp at 46 percent of the world's population. there is a huge fine power from every corner of 5 different continents. it

cannot be ignored anymore. and it's like just um, i know i mentioned this to you before, but a few years ago i was reading an article about the brakes. and the person watching it said that works wouldn't even be spoken about. so not just the name bricks wasn't so catchy. and now it seems to be the only thing that people can talk about because that is, is really spelling out how the world is going to be straight to the future after. so anyway, day 3, and with hearing johannesburg continuing to bring you this special coverage of the brick summit on this 3rd and final day, the bricks plus dialogue session has wrapped up with leaders and representative speaking on cooperation and multi polarity. 2 key words that we've heard over the past 3 days. the current members have also announced the blocks expansion. during the, today's day 3 at the break summit breaks leaders and politicians from around the world share their vision of the blocks. goals and global standing is made a congratulated the new members of the blocks stressing that international

friendship and respect for other countries. interest are at the are the a catalyst for the world instability. yeah, well, the russian president said that developed countries acting that of self interest to maintain the states as quote and the so called rules based international odom. we can take a listen now to what the russian president vladimir appears in the other breaks. leaders have to say that the, the countries of the so called goals and 1000000000 are doing everything in order to preserve the previous uni paula, hold, hold. they are comfortable with it. in fact, it's the same colonialism in a new package. got golf, the representation and voices of the developing countries in global governance should be increased. it's also important to uphold true multilateralism, but it's in, do you know, what am i going to open up a new cooperation agenda between brazil and a half or so? let's go back to our universal worth relocation and rebuild our historical ties

with the developing countries that prosperity is always full when it is chair that's on the kids. the principal, i believe that bricks can work together with others to help ensure progress and reforms and counter terrorism. food and health, secure, takes energy security and building resilience supply chains. and saw that we have with that the use to describe friendship operation and recall that will do well born to is a purchase based on the understanding that our success, our prosperity and well be depends on the success prosperity and the well being of this. yes. on the breaks that group angles, i finally announced a long awaited expansion plans. speculation has been surrounded the topic for

months with $23.00 states having applied to the blog to become full members, south africa's presidency, or rather close up publicly revealed the 6 countries that would enjoy the full membership, starting from january 2024 or 5 bricks come juice, we have reached agreement on the guiding principles, standards, criteria and procedures of the bricks, expansion process. we have decided to invite the argentine republic, the outer up republic of egypt, the federal democratic republic of if your po, the is law, make republic of theatre on the kingdom of saudi arabia and the united arab emirates to become full members of briggs as the membership

will take effect from the 1st of june. now what a 2024 day 3 off breaks day as well. thank god. bless close. now to all correspond to the account, guys. some more details for the bill. yeah. good to see. so some big developments for the breaks. great, but please take us through some of the main points covered today. absolutely big developments indeed from the breaks the group off nations announcing various bold decisions this afternoon as they finished and finalized the 15 brief summits yet into hattiesburg and the top of those decisions, of course being the expansion of the group. and that expansion not coming without any questions. and of course, one of those questions being the acronym off, the brakes, which stands will be as low russia, india, china add the. so that's we go with a lot of people saying that it only makes sense. and it is on this page that something happens either the name changes or something is add the but then

a lot of lead is today terrified of the stage that just as a mutual understanding and as a mutual agreement, it seemed to fix nations if nothing will happen to the word it will continue being called the bricks and maybe bricks plus just to show and demonstrate some sort of continuing to, to show that to the goal. and the mission is of course, the same. of course, the one your mental change has been bordered expire. lots of need is from the old. rather i should say the missile bricks, the green swift. i can put it that way. who also said that the expansion is important, be subjects to the global economy, to show that as times move um, we need to undergo transformation at the same time. and those words, particularly well from all these uh bricks that lease indeed is. but particularly for now, let's have a quick listen to president president who did the full by and rushes present. a president puts in a revised is it as is that fee for the was

his outgoing pre. i've sold this, but he's going to do love with me. i mean, you go for the good to come up with an airport that's 5. so 2, but i've viewed that but what seemed of video and i guess i'll get the ads in 2 in the o issue. was they made out those that of knew this a to off. yeah. the oh yeah, yeah. the whole, the president, literally the silver know just in points the most important for all of us. i'm on which side with single have the issues to be supplemented the single currency. this is a difficult issue, spots we will move forward in solving these problems. the 2nd one concerns the organization of the payment between our countries in the economic field. i would like to congratulate on new members who will all be working together next year. i want to assure a colleagues that we will continue to expand the influence of breaks in the well well, the lead is of also emphasizing v to reach the fact that the people will remain

open for more countries to join the in the future. this, of course, of to 23 countries that showed interest in the ad joining the group. well, also it was reported that in people number offsets, those countries have also shown inches. but i'm officially and the list of costs off highlighting the fact that's a full off these new country members all big and powerful old pick plus members. and i think it's also worth noting as well, that almost hops off the opiate plus group which had shown interest. in fact, it is showing a lot of people that the appetite and the attractiveness of off the brakes group. and i guess it's, this goes to show just how powerful and how much of a powerhouse looks this, a group of nations, this a bricks, a group of nation is, which will only continue to become the powerhouse. and that's according to the lead is a for the breaks the countries, but she is the prime minister of india. also savings. the same symptoms is i've

made on confident that together with these countries, we will infuse new momentum in new energy. and throughout calibration, india has had deep historic relations with all of these countries. with the help of bricks, new dimensions will also be added to our fall actual co operation. so the other countries that have expressed it is all, it's a joint breaks in the will contribute towards building a consensus for them to be a positive breakfast pot in the countries. the expansion and modernization of bricks is a message that old institutions had mold themselves according to the changing times . well, many positive outcomes and now some, some decisions that really came out of this week submit to the 15. the break some of what the president's to add the need is also seeing that the already to tackle the financial global system. and of course, that's decision and that, and those statements that's coming off of the back off of the where the shape, vice president, the pool. so the other day saying that to the new development bag as really played a crucial role. and,

and an important once in being an alternative to global financial institutions. and the group is also re, some sort of agreement to the a guided, the standards and their criteria and procedures off the brakes and nations. they say they will um, expand the block even further. i mean, of course, it will read admission that to the off of the same agreement that the group was amazed open. but the all seeing that the expansion of the block shows and sense of a beautiful message to the world and to as the global forces. of course, the brakes is no longer as we know which everything has changed. it's new people, new countries, new policies, new couches. but of course everyone has agreed that the goal, the mission and everything also does stay the same, which is quickly happened this into some of the breaks the members of the new ones . of course i didn't to not if you, oh yeah, it's a to ride the saudi arabia and d, u a each she has some of those, the districts it seems to be passing through the one that is,

it is necessary to find such financial mechanisms that will contribute to the consolidation of these and development. we know that the lack of complexity between the countries of the developing world puts us in a difficult situation. that is why a multilateral coordination is required. brakes is just such a platform for dialogue which play an important role. argentina is happy to attend the break summit, where the 2nd country lives in america to join the books group. we are the voice of the global self. this big summit is taking place, so i think it's got a moment in time when open on the head, the voices and the global let in, are striving to be here, the money crisis. we all fist a global community, particularly of the coverage 19 fund to make a 3rd of the expos, how cooperation is key for all the collective survivor tends

a growing and it goes too much about the role is, is a station to overcome common challenges that someone else about to giovanni's breaks is a symbol of change in the world and contributes positively to the resolution of global problems. especially given the fact that it's activities contribute to increasing mutual trust and confidence. briggs contributes to the development of the countries of the global south and shoes and more global endeavor to achieve sustainable growth. each of the current 5 member states or fruits has contributed to deepening such cooperation. and yet, it will be very interesting to see how this junior continues and how it unfolds. the, as these new members takes effect on the 1st of january, 2024 because they are joining a group of nations that off really, really hot coordinations and really fighting days. the geo political sectors,

geopolitical pushes and battles around the world, especially when you look at it from a security. also point to view, especially if you take into account house 2 of those big phoenicians, only these are the only permanent members of the united nations security council. 3 of those results in the and so last week i have the big, the prior previous results, which i'm trying so hard to because that has never been and that's an american speech at that you in is the table. so that's the task trying hard with all the backing off with the effort indeed is even in the a what the amount of put conditions that it has if it has not been winning. so it would really be interesting to see how the new members of the join in and try to help all these other members of a fight against the depression and your position that they are going through as a result of some of these um, sources that claim to be controlled in the global economy. well,

as also said before, this really has been an historical moment in time for psychiatric affordable to for the bricks, nation. and of course, the new bricks written members as well. and i must also mentioned that it's been 13 years since. so last week i had joined the break. so quite a store to come over the contents of the yeah, thank you so much. and i agree with you is such an interesting time. it's gonna see be interesting to see how things play out. and it seems like a very pivotal time in history as well. so now none of the icon, gay. thank you. now the russian foreign minister say, guy live off who was hey, representing the russian president vladimir putin stressed the importance of african states being able to choose the partners independently. that was of the press conference held during the breaks summit on day 3. says no, you see everyone realizes that washington's goal is not to punish russia by means of the ukrainian nazi regime was simply to eliminate any defense in the

international arena. this has been very evident lately. we are now in africa and look how americans are grooming african countries. literally dictating their will to the there was a bill passed last year called countering malign or russian activities in africa act when it was passed in the house of representatives. before going to the senate goods africans were outraged with schoolers. now this house of representatives is thinking of how to change the name. but the essence of this law, of course, will remain. the americans have decided on their strategy for countries south of lease a harvest, a hell. the document is less than 20 pages long, but it mentions russia and china as the main obstacles to africa's prosperity the 10 times. maybe this strategy is designed for people who are not sophisticated, who do not understand anything. and if not read anything about history, women,

but for african countries, it is just another insult. it means that their sovereign right to choose their partners is simply being ignored or what you know when you might have an issue. okay, well we have, i guess, joining us in the studio now staff rusnick alone, member of the south africa bricks business council. many thanks for coming in to see is a really appreciate your time much for having. thank you. let's get straight into it. a president around the pose that has just announced the 6 that new countries that will be joining breaks. what does further development of the book look like to you? so i think 1st you the, the purpose of the block and i'm speaking as a business person. this course is to use these a significant markets which are best significant in terms of size and also scale and to use these to unlock commercial trade business and investment opportunities is certainly the expansion of means that this knock constitutes the 7 a sorry,

these 11 countries constitute around 48 percent of the world's population and around 37 percent of the peak. beg, substantial in anybody's terms, and as a so they frequent business person and re presenting south african business that excites us because it should give us access. yeah, and this is all about market checking and market access. it should give us access to market, say, 3 perhaps previously didn't have much of a footprint in as south africans. yes, and as you know, cooperation of my african countries was one of the key agendas for the summit. how do you see this playing now? now the, the brakes has gone from 5 to 11. as you mentioned, the market opening up. so look, the south africa was always the new country representing the african continent. so now you're going to have 3 out of 11 being african countries. of course,

the other 2 is announced today and we'll come into 5th of 1 january 2024. will be up in egypt, not. egypt is a sick and most populous country on the continent. and ip is the 3rd largest. and of course, uh, this particular summit was very much about how do we, uh, to achieve a bridge between africa, through the africa continuum for free trade area, which is a significant development on the continent. $47.00 out of $54.00 countries. it rectified the free trade here, of course it's new and explaining what it does, these, the aggregates africa's markets and it gives significant volume in size and scale to africa. they just never had before. so that's because the full come and then you had these other full, very big mocked it's a brick markets. so this kind of starts putting it all together. and it's all about, as i said, the leveraging scale and mess to get these business. i mean,

basement opportunities have another k, i time on the agenda. it was the creation of a gold box currency, a bricks, currency. it seems like not much movement, just be mays and not resolved. what are your expectations? but it's a very complex conversation and not something that you would do either. not if you ever do it inspect, right? i think what the business people want to see is we want to see more efficient access to markets. and then they can take many different forms and shapes. it could be as something as basic as allowing the free of movement and fox, the movement of people through a business visa for example. so as, as a business, people require diagnostics around these things. we want to look at we the best based business opportunities line. and when you identify these opportunities at all, they be hindered by all sorts of constraints. so as we quoted this enablers, and there are

a number of issues that need to be addressed. infrastructure in other was in order to, in the hoss enhanced efficiency of trade, particularly on the african continent, which is such a diverse and demographic the challenge continent. you want to have access to routes. i mean what's encouraging for me is the johannesburg south paula flock has just been reinstated. because how do you have to do? try it if you'd i never direct fly, correct? no, i think there's some movement and some good news coming on the direct johanna is big one by slide, which is also suspended recently. so you combine these formations if you're sitting with all these constraints. so currants, he's just one aspect they many other in for structural and structural issues that need to be addressed in order to in austin, cushions it as a businessman from an i've tried in a retreat, i want to know that it's a, it's efficient to do so i want to know that you die these, these guide to be like of bureaucracy, administrative, good and,

and all those other things they pod, i'm trying. and you know, speaking of trade african ask because trade with the brakes uh, states it's growing rapid me. and before the 6 were announced, the 5 had already overtaking the g 7 countries. but as you are speaking of infrastructure, what kind of economic avenues need to be created to make it conducive for trade to take place so easily? so 1st a, it requires significant cohesion and coordination. so it's, let me give you an example because we as a business counsel have done some reflecting most. yeah. and of course, you get to hold the g every 5 years a to retype the cheapest and will change shape. of course not to be late a very leaving. yes i my goodness, it will be a one day. so i'll still be around the. 2 you'll be interviewing me just not officially hold on, but i think so foss to say that we knew hold the g. you can lodge,

you determine the agenda. now, one of the reflections that we've done is a sub african shift on the brakes. business council is to say, well, all these type patents working for us because on christian, the trade between so they freak on the 4 brick countries has grown over 40 a period of 20172021 degree by 44 percent. so this, it's wonderful. all sounds good, but when you drove down and then pick on the unpacked good, we found that we were running trade deficits with each of these economy. so that would be expected cause a much bigger economies in south africa. so there is any of the city 1st largest economy in the world, and then you've got in this the last describe you've got number 25 and 8. and your address it's number 12 i think. so, is expected that you're going to have a trade deficit. but what do these patents reveal, and what that revealed is that 3 and 14 significantly more roll materials, commodities and minerals, and then we in 14,

a value added the finished product back into south africa. so identifying those opportunities, we can start exporting value added manufactured goods from south africa to these markets. as happened last week, incidentally, really was an in, with buying mission from, from china and a $2000000000.00. us $1.40 man, roughly boost of exports with the last 2 years of if it can produce products that will not be solved to china over the next. you know that you do the short to medium to him. and those are the top of things that you go to look at really, these opportunities are we the company and territories. and nadia really start boosting exports, finished product at a significant, we'll be able to get to see if that's the answer is probably no. but what's important is all we convert today for us, it's going to offer. absolutely. so with that said, what kind of a industrialization investment in south africa plus the continent making that

industrialization is very important for this continuity. because this continent is heavily dependent on the rest of the world, and we saw what happens when you do that during part of it. when the content included vaccines and other medical content pages, the whole world became into the, into an invoice to, to predict the and populations. is it a surprise? probably not, even though the world said in january 2020, the organist, any solidarity and no one will be left behind will base what the hold up if it goes beyond correct. okay, so we, we have to start developing these venue, change these capacities on the continent. if we want to have a stable continent stable global order, then you have to ensure that the is economic drugs and is not big to multiply economic multiply back into an economy in manufacturing. there's no beta,

a job create to the manufacturing skills, talent retained the manufacturing side, manufacturing and industrialization in the continent is cool and seen to see how this coincidence moves forward to doub, bumped into the foreign minister of india and the seas of 2 with these prime minister 2, they will decrease tomorrow actually, and it was, you would have seen it was a spec between the tangent problem and that's the end the indian foreign minister around demography fraud. now if you wanna stop my husband's, you've got to get a konami's stability in economic crisis and industrialization is key to that, to achieving that impression. of some africans trade with the brakes create grows exponentially. what does not leave is traditional pod is wisdom, power, your guess and let me space as a sub, if it can business person and more of a as a rick presents itself, i've organized business because the, the,

the appointees locked myself in the 5 of us. i get a point to the so they've been shipped to the big business council are, are actually elected by business. so be, you know, we, we kind of don't find our own way the we, we get elected. and therefore, i have to re present the business constituency, which is all of business. and so their businesses views a very care of you. and then is we have to operate, we operate interest law now based interest as so they frequent business line, the waste along the east and a lot in the south as well. and they're in opportunities. so we've got to always look at findings, the rock and delicate balance between the waste, the east and the south. and that is why we all very favorably disposed towards inclusive multilateralism. correct? because i think that we, we have seems to be moving away from that to me, be kind of starting to live in a bit of

a binary world. now that's bad for business people. it's bad for trade because ideally, you want to have access to all the markets and you want to get economies of scale. you start dividing up the world and probably rising that it started due to business setting is going to be very care. i'll repeat myself again. i saw that if we can business what interest us is we do our best business opportunities. i'm interested in. i do well though, isn't it? because politics always comes into play as some points. yeah, it's a politician sitting around the world that should leave with us to possess people. so how does breaks expansion actually, you know, push the goal of a multi puller system where such things can be conducive to low cost. i think that this is a platform brought to and that represents the almost 50 percent of the world's population. right. so we've got to use a faucet. if i were a politician today, my next move would be to say, well, yeah,

we all brakes plus 6. but if it's going to be cold guy bricks plus i think it's time we had a discussion with the g 7. ok. so you get those 2 together. so rich plus is 37 percent and g g 70 is 31 percent. ok. so imagine if you got the 2 speaking together, be wonderful. so those are the top of opportunities we book to look at. and that's what we as business people will be looking for to well. so when q it so much my time again to speak to is the day we've been talking to star rusnick alone member of the south africa bricks. business council. thank you. thanks very much. really appreciate it. well, the based yes. let's just stay put just one second and we'll get you um on wyatt. what has been a great pleasure to have you here with us in south africa as we covered the.