5 things we all must realise about the money SA is ‘getting’ from Brics

The flags of the BRICS member nations. Picture: Pixabay.com

The Money Show’s Bruce Whitfield interviewed Marius Oosthuizen, Lecturer and Program Manager for The Future of Business in South Africa Project at the Gordon Institute of Business Science (Gibs).

Oosthuizen discussed five things we should know about Brics funding:

  • Brics loans come with Chinese strings attached. However, this can be good for South Africa if managed well.

  • Brics presents an opportunity for South Africa to function as a regional broker

  • Brics can be a counterbalance to American isolationism and uncertainty in the EU.

  • Brics money will not solve Eskom’s tri-part fault-lines of; cost escalation, ageing infrastructure and the energy transition to renewables.

  • Due to Brics funding, South Africa has a chance to improve our state-owned companies and achieve fiscal consolidation. If we want to preserve our hard-fought sovereignty, we should use this chance as it may be our last.

For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).

China has its own interests…

Marius Oosthuizen, Gibs

...South Africa still is one of the best, if not the only, functional liberal democracies on the Continent…

Marius Oosthuizen, Gibs

Historically, the US has been isolationists…

Marius Oosthuizen, Gibs

South Africa really has a last gasp opportunity to get it right…

Marius Oosthuizen, Gibs

When the house is on fire, you start by putting the fire out, then you begin rebuilding…

Marius Oosthuizen, Gibs

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