• BEE winners and losers

    Creating real change and real jobs requires a new ideology, says Gerhard Papenfus.

  • Governance matters

    Addressing risk well and timeously can be a source of growth, says Ian Mann.

  • Road to riches

    Taxpayers keep funding structures with big plans but who knows what efficacy, says Mandi Smallhorne.

Loading...
See More

SA keen to host planned Brics bank

Oct 29 2012 15:39

Related Articles

Brics holds opportunities for SA

Davies: SA needs to look south

Inflation blow to India rate cut hopes

SA on track to host Brics summit

SA youth 'not entrepreneurial enough'

Brics 'need political reform for growth'

 

Pretoria - South Africa would be ready to host a planned development bank for the emerging economies grouping of Brazil, Russia, India, China and South Africa (Brics) grouping, it said on Monday.

Finance ministers from the five countries are already working on feasibility studies for the creation of a Brics bank expected to mobilise resources for infrastuctural development projects in developing countries.

"I cannot say if South Africa will be chosen as the site of this institution, but I can indicate that South Africa will be prepared to host such a bank," South Africa's Deputy Minister of International Relations and Cooperation Ebrahim Ebrahim said.

South Africa is hosting the Brics summit in March next year.

india  |  brazil  |  russia  |  china  |  south africa  |  brics  |  brics bank

 
 
 

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
27 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

Money Clinic

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

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...