Task $2(26$ marks$)$

Read and analyse the cartoon below and answer the questions that follow regarding the

recent BRICS summit held in South Africa, $2023.$

INSTRUCTIONS

Consult your study material as well as articles from accredited journals available on Google

Scholar or STADIO$$s online library and answer the following questions.

$2\mathrm{.}1$ Discuss the three pillars of cooperation established by the BRICS organisation.

$(2$ x $3)$

$2\mathrm{.}2$ Discuss the difference between the G$7$ organisation and BRICS. $(2$ x $3)$

$2\mathrm{.}3$ Explain the benefits of BRICS for the four participants under the following headings:

Households, Business, Financial Markets and Government. $(4$ x $3)$

$2\mathrm{.}4$ Examine the dynamics of the rand$/$dollar exchange rate both prior to and following the

BRICS summit, considering total economic growth. $(2)$