#Brics - Big investment in SA from India 'not likely'

We're unlikely to see significant financial investment in South Africa from India during the remainder of this week's Brics summit in Sandton.

That's according to New Dehli-based reporter Anjana Pasricha who's been speaking as the summit continued in Sandton on Friday.

On Tuesday, China President Xi Jiping pledged 14.7 billion U.S. dollars to South Africa.

But while Indian Prime Minister Narendra Modi announced that Uganda would receive 200 million US dollars in loans, Pasricha says South Africa shouldn't be expecting anything like the figure promised by China.

READ:BLSA speaks on BRICS and the agreements signed by China and SA

India cannot match China's deep pockets, it certainly cannot come up with 14.7 billion US Dollars.

Anjana Pasricha, Voice of America correspondent in India

But what I think the prime minister will do is take every opportunity to strengthen India's historic links to South Africa, his efforts to promote a softer agenda that stretches on development projects.

Anjana Pasricha, Voice of America correspondent in India

Also compared to China, India's investment in Africa is basically led by private businesses.

Anjana Pasricha, Voice of America correspondent in India

Listen further to what else Pasricha had to say...


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