During a recent visit to China, Jacob Zuma, the President of the Republic of South Africa, formalized his request for his country to become the fifth member of BRICS. China is the largest export and import market for the Republic of South Africa, which could serve as the gateway to Africa for further Chinese interests and those of other BRICS members on the continent.
writes Vanja Figenwald
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The global appeal of the currently informal BRICS (Brazil, Russia, India, and China) seems to be growing. During his visit to China at the end of August, President Jacob Zuma expressed his desire for his country to join this group, suggesting that this informal character will soon begin to gain seriousness, as well as membership. Interestingly, the largest business media, the so-called mainstream, have not paid much attention to this potential expansion of the club of countries that will, sooner rather than later, take over the dominance of the world economy. And the news is by no means negligible, as every move towards strengthening this group actually means a loss of influence for the old masters whose friendship is no longer as desirable as it once was.
The importance of South Africa’s desire to join BRICS does not stem from any particular strength or potential of that state, which is significant regardless, but from the fact that this organization, if it accepts the request, covers all continents that once served as a source of cheap raw materials and labor for Europe and North America, thus increasingly surrounding the block with, ultimately, a completely opposite interest. Happy and wealthy cannot all be, history has shown that, just as not everyone can rule the world. However, it should not be exaggerated. BRICS is still a premature baby, an organization that does not yet know exactly what it wants and how to achieve it. The fact that cooperation between the rising powers of the world, with a combined potential greater than that which Europe and America have ever had, both in manpower and resources, is not adequately institutionalized and that there is a lack of consensus among them on the operationalization of cooperation means that some form of BRICS governance is still a medium-term perspective.
Acceptance of South Africa would mean that a continent with over a billion people is represented in the organization, further strengthening trade and economic cooperation between Africa and BRICS, which is an extremely important fact. This continent has been a playground for the West and the driving fuel for their expansion for centuries, but in recent decades it has begun to slip into the hands of new masters. The Chinese and Indians have already deeply ‘entered’ Africa, and the entry of one of the more significant representatives into the common club will only accelerate the African transition to other hands, with the possibility that this time they might even get the chance to develop on a somewhat more equitable basis. China is the largest export and import market for the Republic of South Africa. On the other hand, South Africa could serve as the gateway to Africa for China, which already has significant interests on that continent.
The request of one country to be accepted in itself points to the growing importance of this club, to a change in the way it is perceived, and to the need for its stronger institutionalization. Zuma spoke with representatives of all four members and formalized the request in Beijing during his visit to China. Together with his colleague Hu Jintao, he signed an agreement on strategic cooperation, which would shift the ‘basic’ economic cooperation from the export of raw materials to China to a partnership in which both countries would begin investing in the infrastructure that Africa is crying out for, and in green technologies. The trade between the two countries reached 16 billion dollars last year, but South Africa definitely fared significantly worse in that exchange, with a deficit of as much as 2.7 billion dollars. The interest is, quite evidently, large and mutual, just as are the benefits of raising cooperation to the BRICS level.
