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This year marks 20 years since the establishment of diplomatic relations between South Africa and Malaysia.
The South African President said BRICS Business Council will work towards inclusive growth.
Business leaders from 19 African countries have also been invited to attend the meet.
The Egyptian foreign ministry has heavily criticised South Africa's position on the current crisis.
The meet will look at ways to step up investment and trade ties between the five nations.
South Africa has called for an investigation into the ‘massacre’ against demonstrators supporting the ousted president.
A month-long emergency has been imposed by the interim government in Egypt.
The South African rand has lost 14 per cent against the dollar this year.
China's trade with the African nation last year reached $60 billion.
The Southern African Development Community (SADC) ratified last week’s polls as free and peaceful.
