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Tag: BRICS

South Africa to get around $790 million in loans from BRICS Bank

A development bank set up by the BRICS group of emerging economies has approved around $790 million of loans for three projects in South Africa, the bank's president said on Monday,...

BRICS New Development Bank to issue bonds in South Africa

The BRICS New Development Bank will issue bonds in South Africa and commercial paper in US dollars in the first half of 2019, the bank's President K.V. Kamathsaid on Wednesday. "Most of the work is done and it's basically...

‘We won’t let us be bullied by the US’ – Ramaphosa

President Cyril Ramaphosa, addressing the media after the BRICS Summit ended on Friday, said South Africa would not be bullied into stopping doing business with China.   Ramaphosa slammed the trade...

BRICS New Development Bank confirms appointment of South Africa’s representatives

The BRICS New Development Bank (NDB) has confirmed that Mr Dondo Mogajane, Director-General of the National Treasury has been appointed as the new Director representing South Africa. This follows the expiration...

Export Week drives home localisation

The 21st of October marked the final day of Export Week in Durban, which was a signature event sponsored by TIKZN. With a jam-packed programme and many high profile speakers sharing...

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Steinhoff has been fined R53 million for misleading markets

South Africa’s market regulator has fined retailer Steinhoff a record 53 million rand ($3.6 million) for making “false, misleading or deceptive statements” to the...

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