Ramaphosa courts Indian investment at BRICS summit

Source: Mail & Guardian | Original Published At: 2026-09-11 07:34:57 UTC

Key Points

• President Cyril Ramaphosa arrived in New Delhi for the BRICS summit to court Indian investment in South Africa's pharmaceutical, infrastructure, critical-minerals, and electric-vehicle battery sectors.
• He will address an India-South Africa Business Leadership Roundtable focused on enhancing bilateral trade and attracting additional Indian foreign direct investment.
• The investment push follows renewed negotiations for a preferential trade agreement between India and the Southern African Customs Union, which includes South Africa.
• South Africa's critical minerals are increasingly important to Indian manufacturing and clean-energy industries, while India remains a major supplier of medicines to South Africa.
• Ramaphosa will participate in the BRICS Business Forum, discussing trade and supply chains, agriculture, women-led development, the digital economy, and innovation.
• South Africa will use the summit to promote expanded trade and investment among BRICS members, industrialisation, value addition, and African infrastructure linked to the African Continental Free Trade Area.
• He will also join BRICS leaders' sessions on global governance, multilateralism, United Nations reform, international financial system reform, resilience, innovation, and sustainable growth.