Will the Brics summit help Ramaphosa reach his $100 billion investment drive?
Will the tenth Brics summit help President Cyril Ramaphosa's drive to get 100 billion US dollars of investment over the next five years?
All focus will be in Johannesburg over the coming days as South Africa will be hosting the 10th annual Brics summit from the 25th of July.
Brazil, Russia, India, China and South Africa (Brics) is an international relations conference attended by heads of state from these particular countries.
In terms of GDP, the Brics collection makes up of over 40% of the global GDP.Prof. Lyal White, Senior Director at the Johannesburg Business School
Professor White says there are various reasons why South Africa is part of the Brics and why it punches above its weight.
I believe that it was Brazil as we share many of the same common values and they have a very similar history to us in terms of their socio-political development over the last few decades and they really drove for South Africa's inclusion in the Brics grouping.Prof. Lyal White, Senior Director at the Johannesburg Business School
South Africa came on as one of the most important regions in the continent that is Africa. And I think this is where the great opportunity lies for president Ramaphosa and that is to include African countries in this, he has invited 9 countries to the summit.Prof. Lyal White, Senior Director at the Johannesburg Business School
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