Entries by brics_admin

$20bn investment shows “SA has a lot to offer”

Since President Cyril Ramaphosa announced his massive investment drive for the country, at least US$20 billion has been amassed. Last year, the President announced an ambitious plan to attract investment to the country of $100 billion in the next five years. And, in the past few months, this drive has already seen investments pour into […]

South African Film Summit concludes

Johannesburg played host of the 2019 SA Film Summit, under the theme “transformation and innovation in the South African Film/Audio-Visual Industry and the 4th Industrial Revolution”. The aim of the summit was to highlight the potential of the creative art in South Africa. According to china.org.cn, the South African creative arts industry has a potential […]

Tech books focusing on Africa

Disrupting Africa: The Rise and Rise of African Innovation by Nnamdi Oranye In this book, Nnamdi Oranye looks at increasing innovation in Africa, showing how modern technology and digital payment services bring it all together to create a new kind of infrastructure the world has simply not expected. The African narrative is changing. Today’s Africa […]

Investing in Africa’s Mining Indaba 2019

The 25th edition of the Africa Mining Indaba is underway, held of Cape Town and will run from 4 to 7 February. This is the largest mining investment event in the world the event will look hold discussions on the future of mining in Africa. In attendance, Minister of Mineral Resources Gwede Mantashe. The Minister […]

South Africa’s Department of International Relations and Cooperation issues a statement on US, UK and Germany memorandum

The Department of International Relations and Cooperation (DIRCO) notes with disappointment the dispatching of a Memorandum to the Office of The Presidency by the Embassies of the United States of America, the United Kingdom, the Netherlands, Germany and Switzerland. This is a departure from established diplomatic practice. In terms of acceptable diplomatic practice, protocol and […]

Brazil’s Unemployment rate falls to 11.6% in Q4 2018

The unemployment rate ended the last quarter of last year at 11.6%, according to data from the Brazilian Institute of Geography and Statistics (IBGE). The average unemployment rate in the year was 12.3%, down from 12.7% in 2017. According to IBGE, the unemployed population in Brazil totals 12.2 million people, remaining stable in the quarter […]

China-US trade talks make important progress for current stage, says Chinese delegation

The latest round of China-US trade talks made important progress for the current stage, and the two sides had candid, specific and constructive discussions, a Chinese delegation said on Jan 31. Guided by the important consensus reached by the two countries’ heads of state in Argentina, the two sides discussed the topics of trade balance, […]

Electric car maker Tesla bets big on China

Electric car maker Tesla is gambling big on the future growth of the electric car market in China. Through the building of a new Gigafactory in Shanghai, which CEO Elon Musk said should be up and running this year. The factory will produce Tesla products for China and the Region. He also said that the […]

India now 6th largest economy in the world with high growth Fiscal deficit down to 3.4%; average inflation 4.6% FDI of USD 239 BN in five years Banks recover Rs 3 Lakh Crores in outstanding loans

Under the leadership of the Prime Minister, Shri Narendra Modi, the country has witnessed its best phase of macro-economic stability, becoming the sixth largest economy in the world from being the 11th in the World in 2013-14. Presenting the Interim Budget for the year 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, […]