{"id":704,"date":"2013-01-23T16:12:55","date_gmt":"2013-01-23T16:12:55","guid":{"rendered":"http:\/\/www.thebizsense.com\/za\/?p=704"},"modified":"2013-01-23T16:12:55","modified_gmt":"2013-01-23T16:12:55","slug":"brics-to-benefit-african-continent","status":"publish","type":"post","link":"https:\/\/www.thebizsense.com\/za\/news\/brics-to-benefit-african-continent","title":{"rendered":"Brics to benefit African continent"},"content":{"rendered":"
\"South<\/a>

South Africa Business<\/p><\/div>\n

Polokwane – The 5th Brics Summit, to be hosted in South Africa in March this year, is expected to benefit the entire African continent, says Minister in the Presidency for Performance Monitoring and Evaluation, Collins Chabane.<\/p>\n

Chabane was speaking during the first Brics [Brazil, Russia, India, China and South Africa group of countries] roadshow held in Polokwane, Limpopo, on Wednesday.<\/p>\n

As part of the build-up towards South Africa\u2019s hosting of the Brics Summit, government is hosting a series of roadshows in all nine provinces.<\/p>\n

\u201cAlthough we do not represent Africa in Brics, but represent the interests of our country, we still carry the aspirations of all Africans from Cape to Cairo,” said Chabane.<\/p>\n

The minister said it was important to harness the potential of the African continent at summits like Brics, which will be held at the Durban International Convention Centre in KwaZulu-Natal on March 26 and 27.<\/p>\n

\u201cAs such, African countries will be invited to partake during the summit,\u201d he said.<\/p>\n

He added that the roadshows were aimed at getting together provinces and stakeholders to make inputs in hosting a successful summit.<\/p>\n

”We are conducting these roadshows to interact with societies, so that societies can understand the challenges and opportunities faced by the Department of International Relations [and Cooperation] when they interact with other countries,\u201d he said.<\/p>\n

Chabane said although the formation of Brics has helped to stimulate economic growth opportunities, the establishment of the bloc hasn\u2019t gone without criticism.<\/p>\n

\u201cPeople were criticising South Africa because countries in Brics have well developed manufacturing sectors, and they have huge and highly educated and skilled populations,\u201d he said.<\/p>\n

Chabane emphasized that Brics \u201cis here to stay\u201d and that the five countries involved would form a Brics Bank that would encourage these countries to share resources in order to meet the Millennium Development Goals.<\/p>\n

He said a \u2018think tank\u2019 would also be established, which will consist of intellectuals from partnering countries to plan and strategise on how best Brics can bring development to the member countries.<\/p>\n

The minister said a Brics Business Council would also be formed to identify potential investment opportunities and to intensify and build stronger relationships that would see countries develop good infrastructure, which can take the various economies to a higher level.<\/p>\n

\u201cThe government aims to educate the nation about Brics and its importance through workshops,\u201d said Chabane.<\/p>\n

Deputy Minister of the Department of International Relations and Cooperation, Ebrahim Ebrahim, said the department and the country stood ready to host the Brics summit.<\/p>\n

The theme of the summit is \u2018Partnership for Development, Integration and Industrialisation\u2019.<\/p>\n

Various activities have been planned, such as an academic forum, business workshop for the ministers of finance and cultural events.<\/p>\n

In line with the promotion of regional integration, for the first time, the summit has invited the African regional economies as well as the African Union. \u2013 SAnews.gov.za<\/p>\n","protected":false},"excerpt":{"rendered":"

Polokwane – The 5th Brics Summit, to be hosted in South Africa in March this year, is expected to benefit the entire African continent, says Minister in the Presidency for Performance Monitoring and Evaluation, Collins Chabane.<\/p>\n","protected":false},"author":1,"featured_media":705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[29,19,27,1],"tags":[356,711,709,15,57],"class_list":["post-704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","category-brics","category-featured","category-news","tag-356","tag-africa","tag-brics","tag-south-africa","tag-summit"],"_links":{"self":[{"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/posts\/704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/comments?post=704"}],"version-history":[{"count":2,"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/posts\/704\/revisions"}],"predecessor-version":[{"id":707,"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/posts\/704\/revisions\/707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/media\/705"}],"wp:attachment":[{"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/media?parent=704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/categories?post=704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thebizsense.com\/za\/wp-json\/wp\/v2\/tags?post=704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}