BRICS

Supporting BRICS, the only way to economic progress

OPINION – Shafiq Morton In a world fast being polarised by rich-poor divides and Trumpism, South Africa hosts the 11th BRICS summit at a critical juncture in our history. A Sufi sage once proclaimed that Creation was perfect, but man wasn’t. The world of people, he said, was not faultless.[…]

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Right2Know to lead protest for cheaper data prices

Civil organisation Right2Know will on Tuesday protest at headquarters of South Africa’s four largest telecommunications companies in Gauteng, demanding that the price of cellular data decrease. The protest follows a list of demands which were handed over to service providers in 2013, Right2Know said in a statement.  None of the[…]

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China-India spat signals last hurrah for BRICS

The future of the BRICS looks toxic. China and India stepped back from a border dispute just in time for a summit of the bloc of large emerging market countries. That helps Chinese President Xi Jinping keep up appearances ahead of a crucial political reshuffle. But the unusual tensions between[…]

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Zuma consulted us on Nene’s Brics nomination: ANC

The ANC’s top officials were notified of Nhlanhla Nene’s nomination for head of the African Regional Centre of the New Development Bank/Brics bank as far back as six weeks ago. “The president did consult ANC officials about six weeks ago about the Brics nominee. He explained will need to send[…]

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SA, Africa benefiting from Brics: Zuma

South Africa and the African continent have benefited from economic co-operation with Brics partners, President Jacob Zuma said on Thursday. He said there had been a 70% increase in South Africa’s total trade with Brics. Last year South Africa’s total trade with Brics was R382bn, which had grown from R268bn[…]

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BRICS agrees to own development bank

The leaders of five emerging market powers said at a summit Tuesday that they agreed to create a development bank worth $100 billion that will have its headquarters in China. The first president of the New Development Bank will be from India and the position will rotate every five years[…]

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