Since its establishment in 2009, and subsequent to the joining of South Africa in 2010, the five BRICS member states have agreed to focus their cooperation on the three basic pillars which are (i) Political and Security, (ii) Economic and Finance, and (iii) Cultural and People-to-People exchange. For the 15th BRICS Summit in South Africa, the theme is, “BRICS and Africa: Partnership for Mutual Accelerated Growth, Sustainable Development and Inclusive Multilateralism.” With 19 potential BRICS member applications this year, the BRICS is fast becoming a magnet of attraction for the developing nations.
