The 15th Brics summit, which starts in Sandton this week, has more than ever united countries that are looking for a 'balanced global order' which includes diversifying supply chains after the brutal three years after two globally disruptive events left African countries vulnerable.
Trade, Industry and Competition Minister Ibrahim Patel, China Africa Development Fund and Bank of China sign memorandum of understandingTrade, Industry and Competition Minister Ibrahim Patel says South Africa faces triple challenges as it looks to address the trade deficit it has within Brazil, Russia, India, China, and South Africa bloc.
The country has not been able to fully maximise the trade opportunities within the bloc and has mainly exported raw commodities instead of manufactured products.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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