South Africa is underestimating the impact of its ties to Russia, economists say - and the country is risking much by deepening them.
South Africa risks becoming bankrupt for its relationship with Russia, which adds virtually nothing to the economy, state revenues, economic growth, job creation, socioeconomic stability, and investor sentiment.on the dire consequences of entertaining relations with Russia – a country that has continued to push war with Ukraine.
In a letter to the US Secretary of State Antony Blinken at the beginning of June, US legislators said that there are “serious concerns with current plans to host this year’s AGOA Forum in South Africa” and that “actions by South Africa call into question its eligibility for trade benefits under AGOA”.
On top of this, South Africa held joint military exercises with Russia and China, authorised a Russian military cargo plane to land at a South African air force base, and continues the push to host the BRICS Summit, where the government aims to strengthen its ties with China and Russia.
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