Market Watch

Don’t dismiss the BRICS

Table large enough

Emerging-market and developing economies' desire to claim their share of global influence and wealth is understandable and justified, opines Joschka Fischer.

Joschka Fischer

6 Dae Gelede - 2024-10-31 00:00:00

It would be a big mistake for the West to dismiss the recent BRICS (Brazil, Russia, India, China, and South Africa) summit in Kazan – Russia’s unofficial 'Islamic' capital –

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Premier League: Fulham 2 vs 1 Brentford | Manchester United 1 vs 1 Chelsea | Tottenham Hotspur 4 vs 1 Aston Villa Katima Mulilo: 22° | 37° Rundu: 21° | 36° Eenhana: 22° | 36° Oshakati: 22° | 35° Ruacana: 21° | 36° Tsumeb: 21° | 33° Otjiwarongo: 18° | 33° Omaruru: 20° | 36° Windhoek: 19° | 33° Gobabis: 18° | 36° Henties Bay: 14° | 21° Wind speed: 22km/h, Wind direction: W, Low tide: 11:33, High tide: 05:50, Low Tide: 23:58, High tide: 17:56 Swakopmund: 14° | 16° Wind speed: 19km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:48, Low Tide: 23:56, High tide: 17:54 Walvis Bay: 13° | 22° Wind speed: 22km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:47, Low Tide: 23:56, High tide: 17:53 Rehoboth: 18° | 35° Mariental: 19° | 37° Keetmanshoop: 18° | 37° Aranos: 18° | 38° Lüderitz: 13° | 23° Ariamsvlei: 17° | 36° Oranjemund: 14° | 31° Luanda: 25° | 26° Gaborone: 16° | 32° Lubumbashi: 17° | 32° Mbabane: 12° | 18° Maseru: 9° | 29° Antananarivo: 16° | 30° Lilongwe: 25° | 33° Maputo: 19° | 24° Windhoek: 19° | 33° Cape Town: 14° | 26° Durban: 16° | 17° Johannesburg: 15° | 28° Dar es Salaam: 26° | 32° Lusaka: 22° | 33° Harare: 19° | 30° Currency: GBP to NAD 22.72 | EUR to NAD 18.99 | CNY to NAD 2.47 | USD to NAD 17.67 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.07 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.18 | USD to AOA 909.05 | USD to BWP 13.47 | USD to EGP 49.18 | USD to KES 129.2 | USD to NGN 1664.36 | USD to ZAR 17.68 | USD to ZMW 26.9 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1878.44 Up +0.10% | Casablanca Stock Exchange (CSE) MASI 14296.93 Down -0.02% | Egyptian Exchange (EGX) 30 Index 30793.94 Up +0.47% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 728.47/OZ DOWN -0.0063 | Copper US$ 4.37/lb DOWN -0.0171 | Zinc US$ 3 074.80/T DOWN -1.6% | Brent Crude Oil US$ 74.58/BBP DOWN -0.0165 | Platinum US$ 988.31/OZ DOWN -0.0094 Sport results: Premier League: Fulham 2 vs 1 Brentford | Manchester United 1 vs 1 Chelsea | Tottenham Hotspur 4 vs 1 Aston Villa Weather: Katima Mulilo: 22° | 37° Rundu: 21° | 36° Eenhana: 22° | 36° Oshakati: 22° | 35° Ruacana: 21° | 36° Tsumeb: 21° | 33° Otjiwarongo: 18° | 33° Omaruru: 20° | 36° Windhoek: 19° | 33° Gobabis: 18° | 36° Henties Bay: 14° | 21° Wind speed: 22km/h, Wind direction: W, Low tide: 11:33, High tide: 05:50, Low Tide: 23:58, High tide: 17:56 Swakopmund: 14° | 16° Wind speed: 19km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:48, Low Tide: 23:56, High tide: 17:54 Walvis Bay: 13° | 22° Wind speed: 22km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:47, Low Tide: 23:56, High tide: 17:53 Rehoboth: 18° | 35° Mariental: 19° | 37° Keetmanshoop: 18° | 37° Aranos: 18° | 38° Lüderitz: 13° | 23° Ariamsvlei: 17° | 36° Oranjemund: 14° | 31° Luanda: 25° | 26° Gaborone: 16° | 32° Lubumbashi: 17° | 32° Mbabane: 12° | 18° Maseru: 9° | 29° Antananarivo: 16° | 30° Lilongwe: 25° | 33° Maputo: 19° | 24° Windhoek: 19° | 33° Cape Town: 14° | 26° Durban: 16° | 17° Johannesburg: 15° | 28° Dar es Salaam: 26° | 32° Lusaka: 22° | 33° Harare: 19° | 30° Economic Indicators: Currency: GBP to NAD 22.72 | EUR to NAD 18.99 | CNY to NAD 2.47 | USD to NAD 17.67 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.07 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.18 | USD to AOA 909.05 | USD to BWP 13.47 | USD to EGP 49.18 | USD to KES 129.2 | USD to NGN 1664.36 | USD to ZAR 17.68 | USD to ZMW 26.9 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1878.44 Up +0.10% | Casablanca Stock Exchange (CSE) MASI 14296.93 Down -0.02% | Egyptian Exchange (EGX) 30 Index 30793.94 Up +0.47% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 728.47/OZ DOWN -0.0063 | Copper US$ 4.37/lb DOWN -0.0171 | Zinc US$ 3 074.80/T DOWN -1.6% | Brent Crude Oil US$ 74.58/BBP DOWN -0.0165 | Platinum US$ 988.31/OZ DOWN -0.0094