IBOV 185,500.88 ▼ 0.91% IPSA 11,342.39 ▲ 1.09% IPC MEX 63,845.28 ▼ 0.12% MERVAL 3,084,547 ▼ 0.46% COLCAP 2,588.25 ▼ 0.06% BVL PERÚ 59,184.75 ▼ 0.92% USD/BRL5.14▲ 0.44% USD/MXN17.15▲ 0.07% USD/CLP959.00▲ 1.75% USD/COP3,106▲ 0.87% USD/PEN3.36▼ 0.07% USD/ARS1,508▼ 0.08% USD/UYU40.20▼ 0.15% USD/PYG5,985▲ 1.38% USD/BOB11.45▼ 4.42% USD/DOP58.60▼ 0.42% USD/CRC444.07▼ 0.78% USD/GTQ7.62▼ 0.07% USD/HNL26.85— 0.00% USD/NIO36.62▲ 2.77% USD/VES840.10▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▼ 0.08% EUR/BRL5.93▼ 0.28% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,500.88 ▼ 0.91% IPSA 11,342.39 ▲ 1.09% IPC MEX 63,845.28 ▼ 0.12% MERVAL 3,084,547 ▼ 0.46% COLCAP 2,588.25 ▼ 0.06% BVL PERÚ 59,184.75 ▼ 0.92% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Politics - Brazil South Africa

Brazil and South Africa Forge Stronger Ties

By · April 24, 2024 · 2 min read

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Brazil is ramping up its diplomatic efforts in Africa, a key region in President Luiz Inácio Lula da Silva’s global strategy.

In Brasilia, Brazilian Foreign Minister Mauro Vieira and South Africa’s Naledi Pandor spearheaded the seventh Brazil-South Africa Joint Commission.

They aimed to deepen their economic and strategic partnership, addressing both bilateral and global challenges.

During a brief encounter with Brazilian President Luiz Inácio Lula da Silva, Pandor highlighted the importance of their ongoing dialogue.

These talks reaffirmed their dedication to strengthening ties, particularly within the BRICS group, which includes Brazil, Russia, India, China, and South Africa.

Vieira pointed out the positive evolution of their relationship since their strategic alliance began in 2010.

 Brazil and South Africa Forge Stronger Ties.
Brazil and South Africa Forge Stronger Ties.
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They have focused on collaborations within BRICS and other Global South nations.

Pandor stressed the strategic partnership’s role and pushed for more cooperation in vital economic sectors like trade and investment.

She also encouraged Brazil to engage more with South Africa and other African nations through the African Continental Free Trade Area.

Not top trading partners

Despite their limited economic significance to each other, they could play a more substantial role in accessing markets within both Mercosur and the Southern African Development Community (SADC).

Significant investments have solidified their economic ties. South African companies such as telecom giant MTN and retailer Woolworths are active in Brazil.

Likewise, Brazilian enterprises like Odebrecht and JBS have invested heavily in South Africa.

Brazil’s limited presence in Africa, with just nine of its 35 embassies having one diplomat each, reflects the region’s understaffing.

President Lula’s dedication to Africa, shown in his earlier terms, aims to bolster ties, especially in infrastructure, energy, and mining.

His recent visit to South Africa, Angola, and São Tomé and Príncipe with business leaders targeted boosting Brazilian infrastructure businesses.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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