For citations:
Muguto L., Moodley A., Pillay S., Zulu M., Vilakazi N., Muguto H.T., Muzindutsi P.F. Volatility Spillovers Between BRIC © CC BY 4.0 and South African Stock Markets: Evidence from the COVID‑19 and Russia‑Ukraine Crises. Review of Business and Economics Studies. 2025;13(2):40-60. https://doi.org/10.26794/2308-944X-2025-13-2-40-60