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The BRICS Post

The BRICS Post - 2020-07-31 - Original post - cached version

Constraints include high barriers to entry for small businesses, badly performing State-Owned Entities (SOEs) and a high public sector wage bill


South Africa responded swiftly to the COVID-19 pandemic [PPIO]

The...

The BRICS Post - 2020-07-21 - Original post - cached version

Brazil has the second highest number of COVID-19 cases in the world  


Jair Bolsonaro, right, was recently diagnosed with COVID-19 [Brazil Gov]

The Board of Directors of the BRICS New Development Bank (NDB)...

The BRICS Post - 2020-07-02 - Original post - cached version


Ramaphosa noted that a package of economic reforms that will improve productivity, lower costs and reduce demands of state-owned companies on the public purse [PREUSS]

The National Treasury forecasts that the economy...

The BRICS Post - 2020-06-19 - Original post - cached version

The $1.5 billion bond has an issue yield of 0.66 per cent and is listed on the Irish Stock Exchange


The NDB has been making emergency loans to help member states combat COVID-19 [NDB]

The BRICS New Development Bank (NDB...

The BRICS Post - 2020-05-26 - Original post - cached version

Will allow Eight million workers to get back to work


Mobile clinics were testing people with symptoms in both the poor and richer areas

President Cyril Ramaphosa announced on May 24 in his televised...

The BRICS Post - 2020-05-08 - Original post - cached version

Due to Covid-19 pandemic and lockdown regulations

The African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to postpone the second Intra-African Trade Fair (IATF2020) to September 6 to 12 September 2021 due to the Covid-19 pandemic and...

The BRICS Post - 2020-04-23 - Original post - cached version

Equivalent to a tenth of the economy 


Despite quickly moving to combat COVID-19, the government has still be criticized for its slow economic response

President Cyril Ramaphosa in his fifth address to the nation in five...

The BRICS Post - 2020-04-10 - Original post - cached version

The lockdown has been extended to the end of April from 16 April.


Mobile clinics were testing people with symptoms in both the poor and richer areas

President Cyril Ramaphosa ordered an extension to the national 21-day...

The BRICS Post - 2020-04-04 - Original post - cached version

Issue will fund the RMB 7 billion ($990 million) Coronavirus assistance loan granted to China in March


Premier Li Keqiang played a large role in China’s continuing COVID-19 recovery [PPIO]

The BRICS New...

The BRICS Post - 2020-03-28 - Original post - cached version

Covid-19 cases exceed 1,000, faster pace than Italy or China in first 20 days


Ramaphosa noted that these measures are vital to flatten the curve of the spread of COVID-19 [PREUSS]

President Cyril Ramaphosa ordered...

The BRICS Post - 2020-03-27 - Original post - cached version

As of March 27, 2020, at 2:00 PM EST, there are over 565,000 infection cases of COVID-19, the novel coronavirus discovered in December 2019, in the world. The number of global fatalities due to the virus has surpassed 26,000.


...
The BRICS Post - 2020-03-20 - Original post - cached version

Due to lower inflation forecast and expected recession


The National Treasury building in Pretoria [PREUSS]

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) took the unanimous decision to cut...

The BRICS Post - 2020-03-04 - Original post - cached version

Load shedding however meant that production could not keep up


The bad news from a government revenue point of view is that the nominal growth in GDP, on which taxes are based, eased to 4.2 per cent in 2019 from 4.7 per...

The BRICS Post - 2020-02-26 - Original post - cached version

“Our economy has won before, and it will win again” –  Finance Minister Tito Mboweni Budget Speech February 2020


“This Budget is about cleaning up our house,” Finance Minister Tito Mboweni said

In his briefing to...

The BRICS Post - 2020-02-10 - Original post - cached version

“This will help close the energy gap caused by deteriorating Eskom plant performance,” says Gwede Mantashe.

Minister of Mineral Resources and Energy Gwede Mantashe told delegates at the Mining Indaba in Cape Town that government would allow mining companies to produce energy for their...

The BRICS Post - 2020-02-03 - Original post - cached version

Demand expected to decline by 3 million tonnes (Mt), but it could drop by 20 Mt

Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could drop by 20 Mt depending on how long the disruption...

The BRICS Post - 2020-01-09 - Original post - cached version

South Africa is the world’s second largest exporter of citrus


The United States Department of Agriculture (USDA) expects South Africa’s fresh citrus exports to jump by 10 per cent in 2020 to 2.24 million tonnes. The revenue growth from citrus exports should be even higher, as...

The BRICS Post - 2019-12-20 - Original post - cached version

New Development Bank loan to Eskom for battery storage follows technical assistance for small hydro project in India


The first president of the New Development Bank K. V. Kamath [NDB]

At its board meeting on...

The BRICS Post - 2019-12-10 - Original post - cached version

Eskom instituted an unprecedented Stage 6 loadshedding schedule on Monday


Eskom’s Arnot power station [Courtesy: Eskom]

State-owned electricity utility Eskom had to institute a Stage 6 loadshedding schedule, which meant...

The BRICS Post - 2019-12-06 - Original post - cached version

Previous experiences of post-war reconstruction (PWR) inform us that it will always fall short of the expectations of donors and recipients alike. There is not one experience of such reconstruction where things went according to plan.

Experts and writers have to go all the way back to...

The BRICS Post - 2019-12-06 - Original post - cached version

Technical assistance for projects in India and Russia


BRICS leaders attend the NDB Summit in Brasilia on November 14, 2019 [NDB]

 

The BRICS New Development Bank (NDB) has moved into technical assistance similar to...

The BRICS Post - 2019-11-25 - Original post - cached version

Bank can issue RUB 100 billion bonds with a maximum tenor of 20 years


The first president of the New Development Bank K. V. Kamath speaks at the 2nd annual meet of the new lender in New Delhi on April 1 2017 [Image:...

The BRICS Post - 2019-11-16 - Original post - cached version

Fifty-two boardroom pitches from 25 countries secured investments worth $40.1 billion.


The AIF focused on projects and advancing deals spanning several sectors, including Energy, Infrastructure, Transport and Utilities, Industry...

The BRICS Post - 2019-11-14 - Original post - cached version

“Without the free movement of people, there can be no free movement of goods” – Jean-Guy Afrika


South African recently hosted tourism exhibitors from 23 African countries [PREUSS]

The African Development Bank (...

The BRICS Post - 2019-11-12 - Original post - cached version

Africa’s GDP can quadruple by 2040, but with only a 50% rise in energy demand


A new dawn in energy resilience may come to Africa if there is a sizable move to renewable energy

 

Africa has the potential to expand...

The BRICS Post - 2019-10-29 - Original post - cached version

Will prevent marine poaching and mitigate fire risk


AIS Data spread for SDR payload. Photo Credit: Amaya Space

A constellation of South African nanosatellites will be put in orbit next year to monitor shipping to prevent...

The BRICS Post - 2019-09-26 - Original post - cached version

“The South African government sees the success of the transaction, believed to be the largest ever out of Sub-Saharan Africa, as an expression of investor confidence in the country’s sound macro-economic policy framework and prudent fiscal management.”


...
The BRICS Post - 2019-09-17 - Original post - cached version

Loans are for projects in India, Russia and South Africa


The first president of the New Development Bank K. V. Kamath speaks at the 2nd annual meet of the new lender in New Delhi on April 1 2017 [Image: BRICS Business...

The BRICS Post - 2019-09-09 - Original post - cached version

“South Africa does not do boring”: World Economic Forum participant


“We must ensure that our citizens are prepared, and, if necessary, that they are shielded from any adverse consequences. Our response must be...

The BRICS Post - 2019-08-30 - Original post - cached version

The public have until September 15 to comment


The National Treasury building in Pretoria [PREUSS]

The National Treasury’s growth strategy entitled ‘Economic Transformation, Inclusive Growth and Competitiveness...

The BRICS Post - 2019-08-28 - Original post - cached version

Despite their differences over Syria, Russia and Turkey are cementing closer ties built on a boost in trade and advanced weapons deals.


Putin and Erdogan discuss arms sales at the nternational Aviation and Space Salon (...

The BRICS Post - 2019-08-21 - Original post - cached version


File photo of Iranian President Hassan Rouhani (2nd from right) with his Russian counterpart Vladimir Putin in Sochi, Russia, and Foreign Minister Zarif (3rd from left) [PPIO]

Iranian Foreign Minister Mohammad Javad...

The BRICS Post - 2019-08-20 - Original post - cached version

The BRICS New Development Bank is also rated AA+ by Fitch and S&P Ratings


The first president of the New Development Bank K. V. Kamath speaks at the 2nd annual meet of the new lender in New Delhi in April 2017. In...

The BRICS Post - 2019-08-11 - Original post - cached version

The municipal government of Jiangsu Province in eastern China announced today that it had reached an agreement with the US-based Ford Motor company to establish a research and development (R&D) center in the capital Nanjing.

In addition to the R&D center, Ford will also set up a...

The BRICS Post - 2019-08-11 - Original post - cached version

“One small step for Minergy, one giant leap for Botswana’s coal industry,” says Minergy CEO Morne du Plessis.


A Minergy pit in the country’s southeast. Botswana is entering the coal market in a big way, analysts predict [...

The BRICS Post - 2019-07-22 - Original post - cached version


Indian Prime Minister Narendra Modi called the launch of the moon lander a source of national pride [ISRO]

Just two days after the world celebrated the 50th anniversary of humans first setting foot on the moon, India...

The BRICS Post - 2019-07-12 - Original post - cached version


With a range of 400 kilometers, S-400 Triumf is designed to shield from air strikes, strategic, cruise, tactical and operating tactical ballistic missiles and medium-range ballistic missiles [Russian MoD]

In a move that...

The BRICS Post - 2019-06-29 - Original post - cached version


The BRICS leader agreed that global trade and cooperation is threatened by protectionist measures [PPIO]

Leaders of the BRICS nations – Brazil, Russia, India, China, and South Africa – met ahead of the G20 summit in...

The BRICS Post - 2019-06-25 - Original post - cached version

Ramaphosa sets five goals to be achieved in next decade


Ramaphosa announced that R230 billion in fiscal support would be directed to debt-laden power utility Eskom over the coming ten years [GCIS]

South African...

The BRICS Post - 2019-06-06 - Original post - cached version

Domestic final demand, which excludes the change in inventories and foreign trade, is more stable

The South African economy, if measured from the expenditure side, swung from a 1.6% quarter-on-quarter (q/q) seasonally adjusted annualized (saa) expansion in the fourth quarter 2018...

The BRICS Post - 2019-06-02 - Original post - cached version

Streamlined cabinet aimed at reviving economic growth 

Economists welcomed the new South African cabinet with cautious optimism as the mood has swung from “Ramaphoria” in December 2017, when Cyril Ramaphosa won the leadership of the African National Congress, to “Cystopia” in mid-...

The BRICS Post - 2019-05-13 - Original post - cached version

But down on 2014 national elections


A record 26.8 million South Africans were registered to vote in this election, but there were a further 7 million who were eligible to vote, but did not register [PREUSS]

The...

The BRICS Post - 2019-05-06 - Original post - cached version

Indaba was shifted one week earlier due to May 8 election


“This industry must be positioned as a key empowering sector of the economy whose
power we should unleash and use to change the lives of people in our urban...

The BRICS Post - 2019-04-30 - Original post - cached version

The 30-member body will guide government policy


Ramaphosa wants the commission members to be from different sectors of society and reflect a balance in gender, youth, labour and business [PPIO]

The euphoria that...

The BRICS Post - 2019-04-25 - Original post - cached version

If China builds it, will they still come?

If China builds it, they will likely come, but with conditions … it, being the Silk Road economic initiative, and they, being countries of the European heartland.


Russia...

The BRICS Post - 2019-04-11 - Original post - cached version


Michel Temer entered the presidency vowing to slash spending but he ended his presidency having failed to push pension reforms through Brazil’s Congress [PPIO]

Despite severe criticism in Brazil against the...

The BRICS Post - 2019-04-02 - Original post - cached version


Indian Prime Minister Narendra Modi with Russian President Vladimir Putin at a bilateral summit in Goa, India on 15 October 2016 [PPIO]

Russian Deputy Foreign Minister Sergei Ryabkov received Foreign Secretary of India...

The BRICS Post - 2019-03-29 - Original post - cached version

Russia has dismissed US warnings for countries to stop supporting Venezuelan President Nicolas Maduro.


Maduro visited Russia and met with Putin in December 2018 [PPIO]

On Friday, US National Security Adviser John...

The BRICS Post - 2019-03-23 - Original post - cached version


Chinese President Xi Jinping has been seeking to expand the number of countries joining the Silk Road [Archive]

China has hailed the beginning of a new era in ties with Italy following President Xi Jinping’s visit to...

The BRICS Post - 2019-03-15 - Original post - cached version


A screen grab of the entrance to one of the mosques from the livestream’s first few seconds of the Christchurch, NZ massacre of Muslims

 
The mass murder of Muslims in two Christchurch, New Zealand mosques today...

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