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South Africa To Host First BRICS Business Council To Focus On Global Partnerships

South Africa To Host First BRICS Business Council To Focus On Global Partnerships

South Africa is gearing up to host a major international business convention. Business leaders from the BRICS (Brazil, Russia, India, China and South Africa) will meet in Johannesburg this week for the first meeting of the BRICS Business Council, the Department of Trade and Industry (DTI) announced.

AllAfrica reports that the conference will take place at the Sandton Convention Centre from August 19 to 20, and will also be attended by prominent business leaders from 19 other African countries.

South African President Jacob Zuma, Trade and Industry Minister Rob Davies and the chairmen of the BRICS member countries are expected to address the meeting, according to the DTI.

Motsepe said the meeting will focus on ensuring that the council’s objectives, as outlined in Durban, were fulfilled.

“The meeting will also identify specific measures and initiatives to increase trade, business, manufacturing and investment ties among the BRICS countries and between the BRICS countries and Africa,” Motsepe said in the DTI statement.

“We will also propose measures to eliminate barriers or hurdles to growing trade and investment ties amongst the BRICS countries and between the BRICS countries and Africa.”

“The BRICS countries have each nominated five business leaders to make up the council. The four South Africans who will serve on the body along with Motsepe are Business Unity SA CEO Nomaxabiso Majokweni, Zungu Investment Company executive chairman Sandile Zungu, Sekunjalo Investments CEO Iqbal Surve, and Transnet CEO Brian Molefe,” reports allAfrica.