The 8th Annual BRICS Leaders Summit in India will look at how its New Development Bank is strengthening ties among its member states. The bank has already taken the first step towards bolstering relations by investing R13-billion into renewable energies for its members.
Doing business in South Africa is favourable for now, according to a study on economic freedom by the Heritage Foundation and The Wall Street Journal. But three Johannesburg businessmen warn that rising stock prices are reducing profit margins and can stifle trade.
South Africa has done enough to prevent its debt from being downgraded to junk by S&P Global Ratings and Fitch Ratings, Finance Minister Pravin Gordhan told Bloomberg TV on Wednesday.