Business In The News South Africa

Gigaba to face rating agencies and investors at IMF and World Bank meetings

JOHANNESBURG, October 12 – Finance minister, Malusi Gigaba, is set to meet with sovereign credit rating agencies and investors in Washington D.C. this week as he tries to quell fears about the country’s political and fiscal uncertainty. This comes as Gigaba has demanded that the Public Investment Corporation (PIC), the country’s biggest investor in the economy, reveal its investments […]

Africa In The News International

BRICS, SADC delegates attend Israeli water conference

JOHANNESBURG, September 15 – Delegates from a number of municipalities across South Africa have picked up expertise on water management after returning from this week’s bi-annual Israel-Africa Water Conference in Tel Aviv, Israel. The WATEC conference was attended by 10,000 visitors, including delegates from Brazil, Russia, India, China and South Africa (BRICS), the Southern African […]

Africa Business In The News International South Africa

BRICS Leaders to Adopt Joint Action Plans on Economy, Innovation, Customs Cooperation

MOSCOW, September 1 – The leaders of the BRICS countries are expected to adopt action plans on economy, innovation and customs cooperation at the 2017 BRICS summit in China, Russian presidential aide Yury Ushakov told reporters on Thursday. “Documents to be signed after the meeting of the business council include an action plan for the […]

Business In The News International

Interview: Brazil to seek convergence on economic issues within BRICS, says president

At the 9th BRICS Summit scheduled for September 3-5 in southeast China’s Xiamen City, Brazil will seek real convergence among the bloc members on economic and financial issues and common challenges, Brazilian President Michel Temer has said.   Accompanied by a large delegation of senior officials, Temer will start his China trip on Tuesday, including […]

Africa In The News South Africa

Infrastructure a catalyst for increasing inter-regional trade in Africa, says Davies

JOHANNESBURG, August 21 – The development of infrastructure was an essential and absolutely fundamental catalyst for regional integration for increasing inter-regional trade and for industrialisation in Africa, Trade and Industry Minister Rob Davies said on Monday. “As the government of South Africa we categorically stated that the development of infrastructure is an essential and absolutely […]

In The News South Africa

ANC lauds launch of BRICS Bank

JOHANNESBURG, August 18 – The African National Congress (ANC) on Friday said it “welcomes” the launch of the Africa Regional Centre of the New Development Bank – also known as the BRICS Bank.   The entity was launched by President Jacob Zuma at a ceremony in Sandton on Thursday.   “The ANC views South Africa’s […]