Russian President Vladimir Putin greets South African President Cyril Ramaphosa at the 2019 Russia-Africa Summit in Sochi on October 23, 2019. Sergei CHIRIKOV / POOL / AFP

Winds of change blow at BRICS

The global economic landscape is witnessing a seismic shift as the BRICS bloc, comprised of Brazil, Russia, India, China and South Africa, sets its sights on dethroning the mighty US dollar. As geopolitical tensions run-high between the United States and China, and Russia's invasion of Ukraine continues to send shockwaves through global markets, the BRICS nations are quietly formulating initiatives aimed at challenging the dominance of the greenback.