Official source
Source domain: sanews.gov.za
Collected on 28 July 2026
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Free Trade Agreement between SACU, COMESA and the East African Community
A new free trade agreement is being established between the Southern African Customs Union, the Common Market of East and Southern Africa, and the East African Community, creating a larger regional market. South Africa is expected to serve as a springboard into this region for BRICS partners.
He added that there would be further opportunities with the setting up in a few months time of the Free Trade Agreement between the Southern African Customs Union (Sacu), the Common Market of East and Southern Africa (Comesa) and the East African Community.
Reference
https://www.sanews.gov.za/business/sas-unique-values-economy-will-boost-brics-zuma
Hosting of the Climate Conference in Durban
South Africa has been awarded the hosting rights for a major climate conference in Durban later this year. The event will bring together global stakeholders to discuss legally-binding climate change agreements.
Rousseff, who congratulated South Africa for being awarded the climate conference in Durban to be hosted later this year, said the countries shared similar views on economic growth and income distribution.
Interbank Cooperation Agreement between DBSA and BRICS Development Banks
An interbank cooperation agreement has been signed between the Development Bank of Southern Africa (DBSA) and development banks from Brazil, India, Russia, and China. This agreement aims to enhance financial collaboration and support infrastructure and development projects across BRICS and partner regions.
DBSA chairman Jabu Moleketi signed an interbank co-operation agreement with BNDES, India Exim Bank, Russia Vnesheconombank, and China Development Bank representatives;
