BRICS companies should direct investment to create value in Global South, says Cyril Ramaphosa

Source: Brasil 247 | Original Published At: 2026-09-11 20:06:26 UTC

Key Points

• Cyril Ramaphosa said the challenges faced by BRICS economies have also shown that adversity can create new opportunities.
• Speaking at the BRICS Business Forum in New Delhi, he said bloc members and companies must reconsider where they obtain inputs, where they produce, and where they invest amid the reconfiguration of the global economy.
• He said BRICS has an opportunity to build a more resilient, diversified and inclusive economic future for the Global South.
• Ramaphosa said developing economies have long participated in global value chains mainly as suppliers of raw materials, while value creation, technology and higher-value manufacturing remained concentrated elsewhere.
• He said Africa should not accept a future in which it supplies minerals for next-generation industries while added value and manufacturing occur in other countries.
• He called for directing investment toward manufacturing and processing, industrial technologies, energy systems, infrastructure and logistics.
• He said companies should invest not only to access markets, but also to establish production units and develop local capacities.