"China is ready to invest and work with South Africa in various sectors, such as infrastructure development, ocean economy, green economy, science and technology, agriculture, environment and finance", Ramaphosa told journalists following the meeting.
Chinese President Xi Jinping, following his visit to the UAE last week, has already used his arrival in Africa to forge friendships and consolidate influence with multibillion-dollar investments in the continent, including South Africa, which counts China as its biggest trading partner, Bloomberg reported.
"As BRICS, we should be resolute in rejecting unilateralism and protectionism". "A global trade war should be rejected because there will be no victor".
"It is hard to deny that the global market sentiment continues to be manipulated in large extents by the trade war uncertainties, which many think represent the largest risk to the world economy since the global financial crisis", Global Head of Currency Strategy and Market Research at FXTM Jameel Ahmad told AFP.
South Africa is likely this week to provide a platform for a Chinese-led fightback against US President Donald Trump's protectionist agenda as it hosts leaders of the so-called Brics group of nations, encompassing Brazil, Russia, India, China and South Africa.
"We are meeting here at a time when the multilateral trading system is facing unprecedented challenges", said Ramaphosa.
He will participate in the two-day BRICS Summit, whose theme this year is "BRICS in Africa".
China's Xi says 'no winner' in any trade war
Xi called on the developing world to rise against United States protectionism, warning that the tariffs that the world's biggest economy had imposed on imports would have far-reaching implications for emerging nations and markets.
Mr Ramaphosa said: "We are concerned by the rise in unilateral measures that are incompatible with World Trade Organization rules and are anxious about the impact of these measures, especially on developing countries".
But, she said, BRICS may use that adversity to seek to build a new world order, even beyond the five-member bloc.
According to Minister for Trade and Industry Rob Davies, who addressed the BRICS Business Forum: "South Africa is collateral damage in the current trade wars, as the global trading system is being rebalanced not in the interests of the majority, but in the interests of one party".
Addressing the Business Forum, chairman of the BRICS Business Council Dr Iqbal Survé noted that the NDB is projected to give more loans to the BRICS countries over the next few years than the World Bank gave to them in 75 years.
BRICS takes up 26 per cent of the world's land mass.
SKAI TV news reported that residents and vacationers fled to nearby beaches in Rafina, where they were rescued by the coast guard. The prime minister, Tsipras , cut short his visit to neighboring Bosnia on Monday and quickly returned to Athens .
This means we're blocking the sun from the moon, whereas last time the moon was blocking the sun from us. South-eastern observers will be able to see the eclipse for somewhat longer than north-western ones.
After Ozil announced his retirement, Hoeness had said in an interview to Sport Bild , " I am glad that this scare is now over ". The third-generation Turkish-German was born in Gelsenkirchen and was a key member of his country's 2014 World Cup-winning side.
Froome is chasing a record-equalling fifth Tour title, but goes into the final week still one minute 39 seconds behind Thomas . He was disqualified from last year's world championship road race after holding onto a team vehicle .
Facebook's daily active users for the quarter were 1.47 billion, shy of the 1.49 billion forecast by StreetAccount and FactSet . The after-hours trading was on lower-than-expected revenue numbers from its second-quarter earnings report .
Fiat Chrysler CEO Mike Manley has paid tribute to Sergio Marchionne , saying news of his death is "heartbreaking". Cape Town - Former Ferrari boss Sergio Marchionne has passed away after a brief illness.
Monday: Partly to mostly cloudy with scattered showers and storms and highs in the upper 70s and lower 80s. There's the potential for a few showers or thunderstorms as it passes during the afternoon.
Search continues for missing Iowa woman
Posters of the University of Iowa student can be seen around the small city of 1,500. However, with the extremely rural terrain, full of corn rows, it has not been easy.
Trump Says Ready to Make 'A Real Deal' With Iran
These sanctions were already in place but were suspended whilst the United States was a party to the nuclear deal. He does know those tweets don't just disappear, right? But, if anything, it at least concerns them a great deal.
Cubs fan takes foul ball from a child
The team tweeted a photo of the boy with two baseballs, including one signed by All-Star second baseman Javy Baez. However, a later report suggested that the man gained notoriety based on the case of misunderstanding.
Alphabet hits a record high after earnings top expectations
Alphabet trails Facebook , Amazon and Twitter Inc in valuation as measured by the ratio of enterprise value to expected earnings. The company's CEO Sundar Pichai said it was too early to understand the impact of the fines on Android's operations.
Chelsea 'want Anthony Martial as Eden Hazard replacement'
Hazard, 27, has two years remaining on his current deal at Chelsea but has always been touted with a move to Real Madrid . He was adamant he is unfazed by the prospect of the sack, saying: "The job means risks, but also a lot of satisfaction.
Koreas to ask for return of remains from Japan
North Korea has accused South Korea of kidnapping them, while South Korea says they chose to resettle on their own will. And one of those ships that carried the coal, .is believed to have gone in and out of South Korean ports over 20 times.
Dollar on defensive against yen, euro after Trump comments
GE, which has been selling and splitting off businesses, also cut its forecast for how much cash its businesses will generate. With China showing little signs of arresting its currency's depreciation, the yuan promptly retreated to a near 13-month low.