Monday, January 3, 2011

South Africa now a part of 'BRICS' -

South Africa now a part of 'BRICS' - "3 January 2011

South Africa has received a formal invitation from BRIC, an economic coalition that includes Brazil, Russia, India and China, to be a full member of a new emerging markets bloc called BRICS - Brazil, Russia, India, China and South Africa.

On 23 December last year, Chinese Foreign Minister Yang Jiechi informed International Relations Minister Maite Nkoana-Mashabane that China, in its capacity as the rotating chair of the BRIC group had reached an agreement with the other BRIC members to invite South Africa to be a full member of the new coalition.

Yang further said that Chinese President Hu Jintao had invited President Jacob Zuma to attend the 3rd BRICS Leaders' Summit, to be held in China this year."

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