PRETORIA– South African President Cyril Ramaphosa will have a bilateral meeting with Indian Prime Minister Narendra Modi who arrives here Wednesday to attend the 10th BRICS Summit iof members of the five-nation grouping comprising Brazil, Russia, India, China and South Africa.
The Indian Prime Minister arrives here Wednesday on the final leg of a three-nation African tour. He has already visited Rwanda and Uganda.
This will be the first time that Modi will hold a bilateral meeting with President Ramaphosa, who assumed the Presidency in February this year.
South Africa will be Modi’s last stop on his three nation Africa tour but the most important according to the Indian government. He is likely to make a pitch for enhanced intra-BRICS trade in light of growing global protectionism.
India is currently fighting tariffs imposed on its steel and aluminium exports by the United States at the World Trade Organization (WTO) and is set to implement retaliatory tariffs on more than 20 US products next month.
India is also likely to welcome President Ramaphosa’s target of attracting 100 billion US dollars in new investments into South Africa over the next five years. Experts say that New Delhi is keen to push its private sector to invest more in South Africa and in return wants Johannesburg to increase its exports to India.
As of May 2018, investment by Indian companies in SouthAfrica had reached 4.0 billion USD.
Source: NAM NEWS NETWORK