• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

Motsepe to chair Brics council

Mar 27 2013 07:59
Sapa

Johannesburg - South African billionaire Patrice Motsepe has been appointed chairman of the newly-formed Brics Business Council, the Sowetan reported on Wednesday.

The Black Management Forum welcomed the appointment. BMF managing director Nicholas Maweni told the Sowetan the council would deal with various business issues.

The four other members of the council are representatives from the other Brics countries, namely Brazil, Russia, India, and China.

"The council will give us an opportunity to have a business body that will highlight economic opportunities and issues facing each country. Each member country will provide market access to its Brics partners," Maweni was quoted as saying.

"This means that because South Africa imported a lot of goods we will see a balancing of trade in which we will be given the opportunity to start exporting as well."

Motsepe's appointment occurred amid the Fifth Brics Summit. The two-day summit, which began on Tuesday, is taking place in Durban.

Slideshow: Higher investment for Brics - UN

Video: Brics wrangle over new development bank

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

brics  |  patrice motsepe

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
37 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...