South African Legislator at #SPIEF2025: BRICS Key to Africa's Development, Must Replace IMF 'Poverty' Model
17:06 19.06.2025 (Updated: 17:24 19.06.2025)
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South African Legislator at #SPIEF2025: BRICS Key to Africa's Development, Must Replace IMF 'Poverty' Model
Interviewed by Sputnik Africa, Morakane Mosupyoe, Speaker of South Africa's Gauteng Provincial Legislature, emphasized Africa's potential through the 1.4 billion-strong African Continental Free Trade Area (AfCFTA).
She positioned South Africa as the gateway and stated Russian infrastructure investment would be a "win-win."
She asserted BRICS has the "capacity" and "critical mass" to build its own financial architecture, bluntly criticizing current reliance:
"This dependence on the IMF is just creating poverty, it's entrenching poverty." She urged BRICS to develop policies aiding all African nations.
She also invited Sputnik Africa to expand into Gauteng, citing its BRICS market access.
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