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Cape Town - South Africa's membership to the Bric group of emerging economies will add value to the country's trade and exports, President Jacob Zuma said on Thursday.
"(It) will actively promote trade and investment which enhances industrialisation and promotes job creation," said Zuma.
He was responding to a question in the National Assembly about the benefits of being a member of the Brazil, Russia, India and China grouping. South Africa joining the bloc would take it from Bric to Bricsa. Brics is an acronym used to describe the five leading economic regions emerging in the global economy.
Zuma said the opportunities presented for South Africa to do business with the other Bricsa members were "great".
"We also co-operate as members in the areas of finance, agriculture, statistics, justice development, finance institutions, business development and exchange as well as academia.
"New areas of co-operation are being explored in science and technology, culture, sport, climate change and energy."
He said the "influence" of the grouping was being felt internationally and that South Africa's membership linked the African continent to the rest of the world.
South Africa would attend its first meeting as a member of the group on April 14.
"(It) will actively promote trade and investment which enhances industrialisation and promotes job creation," said Zuma.
He was responding to a question in the National Assembly about the benefits of being a member of the Brazil, Russia, India and China grouping. South Africa joining the bloc would take it from Bric to Bricsa. Brics is an acronym used to describe the five leading economic regions emerging in the global economy.
Zuma said the opportunities presented for South Africa to do business with the other Bricsa members were "great".
"We also co-operate as members in the areas of finance, agriculture, statistics, justice development, finance institutions, business development and exchange as well as academia.
"New areas of co-operation are being explored in science and technology, culture, sport, climate change and energy."
He said the "influence" of the grouping was being felt internationally and that South Africa's membership linked the African continent to the rest of the world.
South Africa would attend its first meeting as a member of the group on April 14.
