During the 2023 BRICS Summit in South Africa last week, it was announced that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates will be full members of the Brics alliance from the 1st of January 2024.

This should also be a wake up call to the Africa leaders in BRICS to use the alliance to develop infrastructure in Africa because the African continent is far behind in terms of intra-continental infrastructure and projects that can uplift the lives of our people therefore we need to use our participation to ensure there is infrastructural development in Africa to connect the continent and get more investment," Malema said.

The EFF also alluded that as more countries join with their own dynamic political and economic affiliations, the party trusted China and Russia to not allow nonsense to happen.

We are quite aware but we are confident the leadership which is at the centre of BRICS, particularly China and Russia and to a particular extent Brazil, will not allow nonsense to happen," Malema added.

Meanwhile, Pan-African Capital Holdings chair Iraj Abedian has revealed that the formation of a common currency among the BRICS nation would not happen any time soon.

"There is no question de-dollarisation is a global necessity for many technical, financial and social reasons however, to find a substitute currency is a long-term game and the Europeans have been at it for years and the euro is nowhere close to being able to replace the dollar,” Abedian said.