BRIC

Tough budgetary choices put South Africa on a fiscally sustainable path

“This is the challenge of our time, to build a South Africa in which all people have a decent standard of living, access to economic opportunities and opportunity to pursue their dreams.” – Malusi Gigaba Budget Speech February 2018
Minister of Finance Knowledge Malusi Nkanyezi Gigaba says South Africa must confront and overcome a number of challenges if it is to sustain growth [GCIS]

President Ramaphosa inspires in maiden State of the Nation Address

“Send me” is his call as he invokes the legacies of South African icons Nelson Mandela, Albertina Sisulu and Hugh Masikela
Ceremonial parade ahead of the State of the Nation Address in South Africa, February 16, 2018 [GCIS]
As analysts told The BRICS Post in mid-December, the recall of President Jacob Zuma by the African National Congress (ANC) will be the first test of its new leader, Cyril Ramaphosa.

BRICS urged to boost parliamentary cooperation

Increased parliamentary exchange can boost economic recovery, intra-BRICS trade and a greater role for emerging economies in the international financial architecture [Xinhua]
BRICS member states at a forum in the the Russian city of St. Petersburg have concluded that they want to strengthen parliamentary cooperation between them.
The parliamentary forum, chaired by China, comes on the heels of the 9th BRICS Summit held in the Chinese city of Xiamen last September.

BRIC tourists to South Africa recover in 2016, below 2013 levels

Many tourists flock to South Africa to take in its natural beauty, such as these flowers of the Jacaranda blossom in Pretoria [Xinhua]
The release of the Tourism 2016 report by Statistics South Africa (Stats SA) this week showed that although there was a strong rebound in last year due to the weak rand, which made a holiday in South Africa very cheap for an overseas tourist, the country was still suffering from the imposition of more stringent visa requirements.