South Africa : South Africa's membership to BRICS will benefit Africa: minister
on 2013/6/10 18:06:19
South Africa

South Africa will use its membership to the BRICS to further strengthen trade and investment, and integrate Africa with the world's fastest growing and most dynamic economies, a government official said on Sunday.

South Africa's Minister of Trade and Industry Rob Davies said this at a post BRICS seminar held in Johannesburg. BRICS is an acronym for the grouping of the world's most powerful emerging market economies, namely Brazil, Russia, India, China and South Africa.

"We came into BRICS to promote South Africa and Africa's integration. We are a developing economy in our own right, but we are also part of the African continent," Minister Davies told delegates at the one-day seminar.

He said Africa must move towards industrialization so that the continent's over 1.1 billion people fully benefit from the continent's economy worth 2 trillion U.S. dollars.

"South Africa will prioritize infrastructure development in its future plan for the economic development," the government official added.

Azar Jammine, an economist at the seminar, urged South Africa to pay more attention to building its human capital, saying "this will help the country achieve its dream of Africa industrialization."

"South Africa at the moment cannot produce enough skills to make inroads into other BRICS countries and grab opportunities there," Jammine said.

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 16:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 14:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 14:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 14:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 12:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 11:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 17:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 17:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 16:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 16:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 16:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 15:57:52 - We Will Protect Water Catchments
2023/7/2 15:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 14:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 13:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 11:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 16:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 16:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 16:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 16:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.