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Success as deals are struck on fringes of Brics Summit

6 hour(s) ago

Brics bank will be launched and Transnet has scored a loan with a Chinese bank, writes Sam Mkokeli

Brics nations back Zuma’s Africa agenda

President Jacob Zuma listens during closing remarks at the Brics Summit in Durban on Wednesday. Picture: REUTERS
6 hour(s) ago

South Africa pushes continent’s economic cause at the Brics Summit in Durban

‘SA leads Brics’ with Africa tax treaties

Mark Goulding, a tax director at Ernst & Young. Picture: MARTIN RHODES
7 hour(s) ago

Study shows SA is more geared than other Brics nations to supporting its companies and citizens in ventures into the rest of Africa

Molewa signs agreements with China at Brics Summit

Water and Environmental Affairs Minister Edna Molewa. Picture: ARNOLD PRONTO
2 hour(s) ago

Water and Environmental Affairs Minister Edna Molewa signs memorandums of understanding on coastal management, biodiversity — including rhino horn trade

Brics nations ‘intend moving swiftly on bank’

NEW PLANS: South African President Jacob Zuma (right) shakes hands with Russian President Vladmir Putin before their bilateral meeting at the Brics Summit in Durban on Tuesday. Picture: REUTERS
6 hour(s) ago

‘Great deal of urgency to establish bank’, says Finance Minister Pravin Gordhan

Brics business council ‘to curb reliance on West’

Patrice Motsepe, executive chairman of African Rainbow Minerals. Picture: ARNOLD PRONTO
6 hour(s) ago

Undersea telecommunications cable among projects discussed by business executives from Brics countries

Brics to conduct ‘formal’ talks on launch of development bank

BRICS LEADERS: From left, Indian Prime Minister Manmohan Singh, Chinese President Xi Jinping, South African President Jacob Zuma, Brazilian President Dilma Rousseff and Russian President Vladimir Putin at the Brics Summit in Durban on Wednesday. Picture: REUTERS
23 hour(s) ago

Announcement at end of Durban summit confirms expectations that Brics countries would set up multilateral lending institution

Brics summit forms business council to deepen trade, investment ties

Chinese President Xi Jinping, left, President Jacob Zuma, Russian President Vladimir Putin and Brazilian President Dilma Rousseff at a Brics breakfast on Wednesday morning. Picture: GCIS
1 day(s) ago

President Jacob Zuma announces formation of 25-member council of top executives from member countries, headed by SA’s Patrice Motsepe for first year

Gordhan signals progress as Brics bank takes shape

Finance Minister Pravin Gordhan at a Brics finance ministers meeting, on the margins of the fifth Brics Summit at  Inkosi Luthuli International Conference Centre, Durban, on Tuesday.  Picture: GCIS
1 day(s) ago

Institution will be in a position to take on more risk than western institutions such as the World Bank, which should make members more self-reliant

SA signs deals with Russia, Brazil finance institutions

1 day(s) ago

South Africa’s Industrial Development Corporation signs agreements with partners from Russia and Brazil in Durban

Opinion

Build Brics bank with citizens in mind

Picture: THINKSTOCK

Brazil’s BNDES would be a terrible template for a Brics development bank, given problems in the projects it funds including a lack of transparency

ENDANGERED: The natural tropical splendour of Mozambique is at risk with increased exploitation of the country's mineral wealth.  Picture: THINKSTOCK

Brics will seal Mozambique’s fate as a resource-cursed country

Mozambique will join the resource-cursed societies of the region as Brics countries and firms rush to exploit the country’s mineral wealth, writes Bobby Peek
Pallo Jordan promo

Fifth Brics Summit in Durban might well represent the emergence of an interesting new power bloc, writes Z Pallo Jordan

Brics aim for no less than a new world order

Tony Leon promo

South Africa joining Brics despite its modest economic size is a bit like getting a good seat at a top table in a fashionable elite restaurant, ...

Seat at top table confers a status beyond money

Opinion

Brics countries cook the climate

Picture: THINKSTOCK

Brics have often been given a pass but their carbon-intensive growth trajectories require greater scrutiny of their climate commitments

Opinion

EDITORIAL: Brics bank will be symbolic

Delegates listen to a presentation at the Brics Business Colloquium on Monday.  Picture: JACOLINE PRINSLOO

In a sense, the concept of a Brics development bank is rooted in ideology rather than practicality

Brics tourists remain ‘untapped market’ for SA

Picture: THINKSTOCK
1 day(s) ago

Growth in visitors from bloc impressive, but potential numbers much higher, writes Nick Hedley

Transnet may land $5bn loan from China

1 day(s) ago

The Transnet deal is for the financing of upgrades at rail and port networks

Business warns Zuma on Brics free trade deals

President Jacob Zuma delivers the keynote address at the African National Congress Brics banquet in Umhlanga, KwaZulu-Natal, on Monday night. Picture: GCIS
2 day(s) ago

SA to play gracious host to Brics Summit but local business is wary of big promises

Equitable balance of trade needed between SA, China — Zuma

RED CARPET: President Jacob Zuma, right, with the President of the People's Republic of China, Xi Jinping, left, during a Chinese state visit at the Union Buildings in Pretoria on Tuesday.  Picture: GCIS
1 day(s) ago

Colonialism disrupted ties but trade on track now, says President Jacob Zuma as he hosts his Chinese counterpart Xi Jinping

Brics viewed positively from Moscow

Association seen as an alternative centre of global influence that includes the majority of the world’s population, writes Vladimir Shubin

Developing world ‘cannot duck’ climate change any longer

Picture: THINKSTOCK
2 day(s) ago

Brics states ‘far too timid’ in adoption of pro-poor, renewable energy development, Greenpeace says

Integrated African economies to lift industrial growth, says Davies

Trade and Industry Minister Rob Davies. Picture: TREVOR SAMSON
2 day(s) ago

Trade and Industry Minister Rob Davies says first step is to expand existing regional communities and create large trading blocs

Renminbi on the rise in Africa, says Tshabalala

Standard Bank CEO Sim Tshabalala.  Picture: FINANCIAL MAIL
2 day(s) ago

Standard Bank joint CEO Sim Tshabalala tells pre-Brics summit discussion Chinese currency is increasingly being used in Sino-African trade, bypassing dollar

Five Brics nations are intricately linked through commodities

Picture: THINKSTOCK
3 day(s) ago

The Brics nations have important links via commodity markets and through the production and consumption of raw materials, writes Walter de Wet

Brics Summit expected to establish development bank

Chris Hart, chief economist at Investment Solutions. Picture: FINANCIAL MAIL
6 day(s) ago

Gathering will spearhead emerging-markets group’s aim of reforming global balance of power, writes Mariam Isa

Opinion

Never has so much hope been put in Brics nations

Africa has entered a multi-stakeholder era, and the Brics nations will have a large role to play

Drop ‘giblet rows’ with Brics, says minister

Trade and Industry Minister Rob Davies attends the Brics Business Colloquium in Durban on Monday. Seated next to him is Sekunjalo CEO Iqbal Survé.  Picture: JACOLINE PRINSLOO
2 day(s) ago

Patrice Motsepe and Maite Nkoana-Mashabane speak at ANC Progressive Business Forum seminar in Durban

Brics bank ‘would help meet Africa’s huge funding needs’

Minister of International Relations and Cooperation Maite Nkoana-Mashabane addresses a Brics Business Colloquium in Durban on Monday. Picture: JACOLINE PRINSLOO
3 day(s) ago

Brics development bank would complement institutions such as World Bank, International Monetary Fund, DBSA CEO Patrick Dlamini says

Brics delegates to ‘add R100m to regional economy’

Durban's beachfront. Picture: SUNDAY TIMES
3 day(s) ago

Expected knock-on effect of Brics Summit is already being felt by hospitality sector in Durban

Time for SA to own its merchant shipping, Brics meeting hears

South African Maritime Safety Authority CEO Tsietsi Mokhele. Picture: FINANCIAL MAIL
3 day(s) ago

Call for development of commercial shipping fleet in SA to be among intended outcomes of Brics engagement

Opinion

Russia wants Brics partners to ignore its transgressions

Chinese President Xi Jinping, left, and his Russian counterpart Vladimir Putin, right, attending the opening ceremony of the 'Year of Chinese Tourism in Russia' at the State Kremlin Palace in Moscow last week.

Pretoria should not buy into the idea that for outsiders to promote human rights inside another country is an intolerable infringement on sovereignty

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