Share

Zuma urges business to embrace Brics

Johannesburg - President Jacob Zuma has asked the South African business representatives attending the Brics summit in China to aggressively take advantage of the opportunities that membership of the group of emerging market economies offers.

SA is the newest member, joining Brazil, Russia, India and China.

Zuma met with the South African business delegation on Wednesday, ahead of the start of the third Brics leaders' summit in Sanya on Hainan Island in China.

He was accompanied by Minister of International Relations and Cooperation Maite Nkoana-Mashabane, Minister of Trade and Industry Rob Davies and Minister of Economic Development Ebrahim Patel.

"Our role as government is to create an enabling environment for business to operate. We believe we are doing that successfully," Zuma said.

"President of Business Unity SA, you must marshal your forces to take advantage of the huge market offered by Brics.

"South African business must take advantages of opportunities in various areas including energy, agriculture, science and technology. Do not listen to those who are saying SA is punching above its weight. We are punching within our weight; we will not let opportunities go by," he said.

Earlier Zuma held bilateral talks with Russian President Dmitry Medvedev and Chinese President Hu Jintao to strengthen bilateral cooperation.

"We are looking forward to our inaugural meeting tomorrow (Wednesday). We are upbeat. Africa is moving away from the margins, we are playing our role among powerful emerging economies," Zuma added.

SA was attending the Brics summit for the first time as a member, having joined the grouping in December last year.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.01
+1.1%
Rand - Pound
23.79
+0.7%
Rand - Euro
20.40
+0.8%
Rand - Aus dollar
12.40
+0.7%
Rand - Yen
0.12
+1.2%
Platinum
925.50
+1.5%
Palladium
989.50
-1.5%
Gold
2,331.85
+0.7%
Silver
27.41
+0.9%
Brent Crude
88.02
-0.5%
Top 40
68,437
-0.2%
All Share
74,329
-0.3%
Resource 10
62,119
+2.7%
Industrial 25
102,531
-1.5%
Financial 15
15,802
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders