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Durban - The Brics summit will play a critical role in defining the future of developing nations, the ANC said on Monday.
"These gatherings are critical in redefining the collective future of the developing nations at a time when the world is constantly threatened by a possible collapse of established economies," ANC spokesperson Jackson Mthembu said in a statement.
He said the summit's outcome and the scheduled meeting between the Brics leaders and certain African heads of state would be "instructive on the consolidation of trade within Brics and the African Union".
Brics is the group of developing nations, comprising Brazil, Russia, India, China, and South Africa.
The ANC welcomed the Brics leaders and the African leaders to the summit.
On Tuesday, the fifth Brics summit will begin in Durban. This is the first Brics summit to take place on African soil.
"These gatherings are critical in redefining the collective future of the developing nations at a time when the world is constantly threatened by a possible collapse of established economies," ANC spokesperson Jackson Mthembu said in a statement.
He said the summit's outcome and the scheduled meeting between the Brics leaders and certain African heads of state would be "instructive on the consolidation of trade within Brics and the African Union".
Brics is the group of developing nations, comprising Brazil, Russia, India, China, and South Africa.
The ANC welcomed the Brics leaders and the African leaders to the summit.
On Tuesday, the fifth Brics summit will begin in Durban. This is the first Brics summit to take place on African soil.
