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Home Africa

South Africa seeks opportunities at BRICS Business Forum

Staff by Staff
August 16, 2021
in Africa, Business, Economy, Export, FDI, Government, South Africa
Reading Time: 1 min read
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BRICS strengthen economic ties in the post-pandemic era
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South Africa will use the BRICS Business Forum to showcase what the country can offer, improve confidence and attract investment, an official said this Friday.

Busi Mabuza, the chairperson of the South African chapter of the BRICS Business Council, said the country intended to use the opportunity presented by the BRICS Business Forum to showcase new possibilities and opportunities within the regions.

“In an environment where sentiment globally is bearish, when the pause button is pressed by many investors, we want to make sure that opportunities in BRICS stand out,” she said.

India will host the BRICS Business Forum virtually on August 16-18.

Mabuza said she will go with captains of industry from various sectors to lure investors into the country.

Also read: Fitch sees new South African finance minister forging fiscal pacts

She explained that in the Forum they want to identify challenges and opportunities to ensure greater economic, trade, and investment ties amongst the BRICS countries.

Mabuza expressed confidence in BRICS countries’ capability to drive economic development amongst those countries.

“There is a consensus amongst our partners that there are opportunities in our economies to unlock growth and allow for development. Our conviction is that we have to massively mobilize all the resources at our disposal and accelerate economic activities that will put the BRICS economies on a journey towards a sustainable recovery trajectory,” she said

Related

Source: Xinhua
Via: CGTN Africa
Tags: BricsBRICS Business CouncilBRICS Business ForumEconomyExportsFDIforeign direct investmentSouth AfricaSouth Africa seeks opportunities at BRICS Business ForumTradeюжная-африкаجنوب-أفريقيا南アフリカ南非
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