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OVERVIEW: Vladimir Putin says Mandela's legacy reflected in Brics

2018-07-26 11:09

President Cyril Ramaphosa and his counterparts from Brazil, Russia, India and China each gave a short address after a closed session meeting on the second day of the 2018 Brics Summit in Johannesburg.

From left, China's President Xi Jinping, India's P
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Last Updated at 14:25
26 Jul 13:50

The open sessions of the leaders meeting has come to a close. Each of the five Brics heads of state gave a short five minute statement. 

They have now moved to a separate room for the signing of memorandums.

The party's proposed excursion to the Cradle of Humankind outside of Johannesburg has been cancelled, says Ramaphosa, due to the "logistical arrangements being a bit difficult".

Instead the Brics leaders are linked to Maropeng via Satellite. 


26 Jul 13:41

Its back to Ramaphosa for some final words. 

He says that, following a proposal by Putin, the five leaders have agreed to deepen a 'people to people' component. 

"We should have a Brics sports process in a number of sporting codes," says Ramaphosa, saying that the popularity of sports that each country specialises in can spread between the different countries.

The details of the sport and cultural meetings will still be ironed out, says Ramaphosa. He adds that the leaders congratulated Putin for the successful hosting of the 2018 World Cup. 

Russia was knocked out by Croatia in the Quarter-Finals. 

He says the Russian team's performance was "truly outstanding'. 



26 Jul 13:32
Modi says it has become ever more important to provide social security to citizens due to the disruptions caused by new technology. 

26 Jul 13:30
Modi says the judicious use of technology can improve the quality of services that a government provides to citizens, such as the digital transfer of benefits. 

26 Jul 13:28

Modi says workers need to be upskilled. 

"It will be extremely necessary to bring about changes in the skills of our workers. We need to make rapid changes in our policies .. related to skills development," he says.  


26 Jul 13:26

Prime Minister of India Narendra Modi is the last of the five heads of state to speak. He starts by saying that the world will be 'flatter' due to the consequences of the 4th Industrial Revolution. 

"Those [countries] that can make the most of this, will make the most progress,' he says. "Talent will be more important than capital". 


26 Jul 13:21
 Russia's President Vladimir Putin attends the first closed session of leaders of the 10th Brics Summit. (Photo: Mike Hutchings, AFP)

26 Jul 13:19

Putin is talking about the importance of digitisation for the Russian economy. 

"In the environment of digital realities, it is very important to guarantee the safety of business and our citizens," he says. "We take necessary measures - legislative and other measures - in order to achieve a situation [for] the creation of a safe and reliable internet environment".

He talks about the importance of the protection of digital information and private life in the private sphere. 


26 Jul 13:12

President Vladimir Putin starts by praising former President Nelson Mandela. "During his entire life, he has been upholding and protecting the principles of equality, openness and fairness." 

"Mr Mandela's legacy is reflected in the activities if Brics."  


26 Jul 13:08

"We must all be ready and prepared for a more speedy and flexible word," says Temer, according to a translation of his remarks. 

He says the biggest asset of a country has become the ability of its citizens to assimilate and coordinate knowledge in a "relevant and swift manner". 


26 Jul 13:05
Brazil President Michel Temer is now speaking. He says that information, knowledge and the digital dimension have become the core of economic activity. 

26 Jul 13:02
The Chinese president says there must be more people to people exchanges between the Brics countries, and "joint touring exhibitions" of Brics libraries and museums. 

26 Jul 13:00
Xi says differences should be settled via 'dialogue and consultation', another apparent reference to his country's tariff trade war with the US. 

26 Jul 12:58
Xi says the Brics trade pie can be made bigger by boosting economic cooperation. He then returns to trade by saying that protectionism should be "rejected outright". 

26 Jul 12:56
"History keeps surging forward independent of peoples wishes" says the Chinese president. 

26 Jul 12:54

Xi says that an "escalation of protectionism and unilateralism" is affecting the development potential of emerging markets. 

The Chinese president argues that, given the rapid rate of technological charge characterising the 4th industrial revolution, more and closer global cooperation is needed. 


26 Jul 12:52

Chinese President Xi Jinping is now speaking, and starts with the benefits of the previous three industrial revolutions and  have improved global living standards. 

"Today we are experiencing another revolution in science, technology and industry," he says. 

 

26 Jul 12:49
Ramaphosa says that Brics countries must take concrete and effective actions, as a bloc, to make sure they are ready for the "wondrous new age of technology" of the 4th industrial revolution. 

26 Jul 12:47

Ramaphosa is speaking about the 4th industrial revolution. The theme of the summit was 'Brics in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution'. 

He says that governments must upskill workforces in the face of major technological advances. 


26 Jul 12:40
The open session has begun, with president Cyril Ramaphosa starting his address. 

26 Jul 12:18
A PEEP INSIDE THE CLOSED SESSION: China's President Xi Jinping and leaders stand prior to taking their seats at the first closed session of the 10th Brics Summit at the Sandton Convention Centre in Johannesburg. (Photo: Mike Hutchings, AFP)

26 Jul 12:13

Journalists are being escorted to the open session briefing, meaning it may start fairly soon.

Everyone seems to have become confused around the schedule. 

Apart from host Ramaphosa, there is no confirmation yet about which of the other heads of state will speak. The carefully managed briefing will include short statements by leaders, and likely the signing the of Johannesburg Declaration. 

It has not made provisions for questions from journalists. 


26 Jul 12:05
President Cyril Ramaphosa addresses the first closed session of leaders of the 10th Brics Summit at the Sandton Convention Centre in Johannesburg this morning. (Photo: Mike Hutchings, AFP)

26 Jul 12:04

ANC Treasurer-General Paul Mashatile, speaking at a business briefing on Thursday morning, invited private investors to take up equity stakes in state-owned companies. 


26 Jul 11:53

What will the Johannesburg Declaration say? 

The Johannesburg declaration, a broad statement of principles of the five Brics members, is set to be adopted this morning. 

Analysts will parse it closely to see how it refers to the on-going trade war between the US and China. 

On Wednesday Trump upped the ante by tweeting that China was "targeting our farmers" and was "being vicious in what will be their failed attempt". 


26 Jul 11:44

The Prime Minister of India Narendra Modi arrived at Waterkloof Air Force Base in Pretoria on Wednesday to attend the summit. (GCIS, DIRCO). 

Modi's visit to South Africa came after he earlier visited Rwanda and Uganda. 


26 Jul 11:38
The heads of state are still meeting behind closed doors. This morning's open session - which certain official media can attend in person (the rest have to watch via video link) - was set  to kick off at 11:15, according to the official schedule. 

26 Jul 11:31
The Brics leaders,  from left China's President Xi Jinping, India's Prime Minister Narendra Modi, South Africa's President Cyril Ramaphosa, Brazil's President Michel Temer and Russia's President Vladimir Putin, pose for a group picture during the 10th Brics Summit held at the Sandton Convention Centre in Johannesburg. (Mike Hutchings, AFP)

26 Jul 11:30

26 Jul 11:29

The meeting of the five heads of state comes after speakers at previous panels roundly criticised the imposition of tariffs on Chinese exports by US President Donald Trump. 

"Brics cooperation will be a solution to [the] challenge of de-globalisation,” said chairperson of the Bank of China Chen Siqing, according to a translated version of his opening address, at a panel discussion on Tuesday. 

Leslie Maasdorp, vice-president and chief financial officer at the New Development Bank - commonly known as the Brics bank, said on Tuesday that globalisation was "irreversible", and the protectionist path adopted by the US will only see the country become more isolated.

On Wednesday Chinese President Xi delivered an address that criticised US trade policies while not mentioning Trump or the US by name. 

"We BRICS countries should firmly promote an open world economy, be resolute in rejecting unilateralism and protectionism, promote trade and investment liberalization and facilitation, and jointly steer the global economy toward greater openness, inclusiveness, balanced growth and win-win outcomes for all," he said, according to a translated version of his remarks.  


26 Jul 11:21
Turkish President Tayyip Erdogan and his spouse arrive at the OR Tambo International Airport on 25 July 2018. (Photo: Dirco)

26 Jul 11:19
Earlier in the week Chinese President Xi Jinping committed to an investment of $14.7bn (about R193bn) in South Africa. The rand reacted with a degree of enthusiasm not seen for many months, and opened trade on Thursday at R13.10/$. 

26 Jul 11:15

26 Jul 11:10

President Cyril Ramaphosa and his counterparts from Brazil, Russia, India and China are set to meet in Johannesburg for the second day of the 2018 Brics Summit, which brings together leaders and businesses from the five major emerging economies. 

According to the official schedule, Ramaphosa will deliver a statement at 11:15. Then what the programme refers to as "others Brics heads of state" will give short statements. 

After remarks by Iqbal Surve, chair of the Brics Business Council, and KV Kamath, president of the New Development Bank, the Brics heads of state will adopt the Johannesburg Declaration, which will bradly set out their goals and views. 

The 10th Brics summit is also being attended by a number of representatives from invited African countries, including Rwanda, Ethiopia, Gabon, Senegal and Togo.

Turkey's President Recep Erdogan arrived in Johannesburg on Wednesday to attend the summit. He and Russian leader Vladimir Putin are expected to hold talks on the sidelines of the events. 


26 Jul 11:09

The leaders' meeting at the 10th Brics Summit in Joahnnesburg comes a day after President Cyril Ramaphosa and his Chinese counterpart Xi Jinping addressed the Brics Business Forum, where they criticised countries that act unilaterally in trade deals.

"We are meeting here, ladies and gentlemen, at a time when the multilateral trading system is facing unprecedented challenges. We are concerned by the rise in unilateral measures that are incompatible with World Trade Organisation rules, and we are worried about the impact of these measures, especially as they impact on developing countries and economies," said Ramaphosa. 

Xi, who spoke after Ramaphosa, said that protectionism was on the rise. "Unilateralism and protectionism are mounting, dealing a severe blow to multilateralism and the multilateral trading regime."


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