The world's attention is focused on BRICS because this group is at the forefront of the global discourse of reducing reliance on the dollar, Mashatile said.
The leaders of the BRICS member countries will also consider, in particular, the issue of increasing payments and trade in national currencies.
The five BRICS members – Brazil, Russia, India, China, and South Africa – and their allies will meet in Johannesburg on August 22-24 to discuss how to further reinforce the club of major emerging economies to better counter Western dominance.
Iranian President Ebrahim Raisi is scheduled to make a state visit to South Africa to attend the summit of BRICS leaders.
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