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Tag: BRICS

What does South Africa stand to gain from an expanded BRICS?

By Hannah de Nobrega, Quantitative Analyst at Prescient Investment Management It is difficult to assess what an expanded Brazil, Russia, India, China, and South Africa (BRICS) grouping will mean for South African...

Roodt’s crystal ball – BRICS and Ukraine

By Sue Segar, Associate Editor ECONOMIST Dawie Roodt has voiced alarm about the inclusion of three countries out of the six which were invited to join BRICS at the recent three-day BRICS...

BRICS: Six new countries join the bloc

The much-anticipated expansion of the BRICS (Brazil, Russia, India, China and South Africa) bloc has gained momentum with the current members having collectively decided to extend invitations to six countries to...

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...

After Brexit, will a Brics-It multilateral financial system be next?

There is no doubt that the Central Securities Depositories community has evolved through the various partnerships that have been forged over the decades. While countries are leaving regional unions, such as...

South Africa and BRIC countries take hit in global manufacturing competitiveness

While South Africa is still seen as the most competitive manufacturing country in Africa, it is losing momentum when compared to global leaders China and others.   China was ranked as...

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Cape Town has the ninth-worst traffic congestion in the world

By Larry Claasen The City of Cape Town will spend R444-million to relieve traffic congestion over the next three years. TRAFFIC congestion in Cape Town ranks...

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