Brics investors show keen interest in South African investment prospects, prioritising cooperation despite load shedding challenges.
“We want to see to the growth of our countries and assist those who are struggling economically,” said a Chinese businessman who asked to remain anonymous.
Businesses and enterprise development funders from Brics Plus, a forum that includes the Brics member states plus those aspiring to join the bloc, shared ideas about what each had to offer at the business convention. A speaker from AfreximBank said unless Africa industrialised, the objectives of the African Continental Free Trade Areas would fail.An emphasis was placed on establishing business joint ventures among Brics nations, diversifying their resources, opening up new markets within Brics for enterprises and transfer of technology between companies.
Patel said investors needed to identify the relevant industries they wanted as the country was open for business.
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