BBC's Danisa Baloyi on BRICS Summit outcomes

Black Business Council President, Danisa Baloyi, recently joined CNBC Africa to discuss the recent resignation of the BBC CEO, Mohale Ralebitso, and outcomes of the BRICS Summit held in India. During the interview, Baloyi addressed the leadership changes within the organization, emphasizing that Ralebitso's resignation was not unexpected. She clarified that Ralebitso cited valid reasons for his departure, including the need to focus on his struggling business. Baloyi praised Ralebitso's leadership and expressed regret at his departure. She also debunked any speculations of misconduct surrounding his resignation, stating that he represented the organization well during his tenure. Moving on to the recent BRICS Summit, Baloyi highlighted the common challenges faced by the BRICS nations, such as inequality, poverty, and youth unemployment. She expressed optimism about the announcements made at the Summit, particularly regarding the development bank funding projects and the potential establishment of an independent rating agency by the BRICS nations. Baloyi's insights shed light on the significance of these developments for the future of business and economic collaborations within the BRICS bloc.