Brazilian President Luiz Inácio Lula da Silva spoke at the BRICS Business Forum in Johannesburg.

BRICS is a group consisting of Brazil, Russia, India, China, and South Africa, representing major emerging economies.

The BRICS group has a significant global presence, comprising 40% of the world's population and over 30% of the global economic output.a

More than 20 nations, including Saudi Arabia, Iran, and the United Arab Emirates, have applied to join the BRICS group.

Lula da Silva emphasized the importance of closer ties between Brazil and African countries.

He sees Africa as offering vast opportunities and significant growth potential.

Lula da Silva stated that the BRICS group has a unique opportunity to influence global development.

He addressed entrepreneurs as part of the effort to shape global development.

Lula da Silva highlighted that together, the BRICS countries represent a third of the world economy.

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