http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.21Change: 0.03
R/$ = 10.70Change: 0.04
Au 1278.85 $/ozChange: 3.90
Pt 1423.50 $/ozChange: 3.30
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 19, 2012

Brics should contribute to Africa development – Davies

Back
Beijing|JAKARTA|SHANGHAI|Africa|Industrial|Projects|Resources|Africa|Brazil|China|India|Indonesia|Russia|South Africa|Manufactured Products|Products|Infrastructure|Power|Rob Davies
|Africa|Industrial|Projects|Resources|Africa||Products|Infrastructure|Power|
beijing|jakarta|shanghai|africa-company|industrial|projects|resources|africa|brazil|china|india|indonesia|russia|south-africa|manufactured-products|products|infrastructure|power|rob-davies
© Reuse this

South Africa, which forms part of the Brics group of countries, which also includes Brazil, Russia, India and China, is increasingly turning towards economies of the South for economic growth and development, Trade and Industry Minister Dr Rob Davies said this week.

He pointed out that the expansion of South Africa’s trade and direct investment with Bric countries continued apace, with China and India at the forefront.

Speaking in Jakarta, Indonesia, Davies stressed that the Brics group should realise that it was not a “close shop” of existing members, and that the bloc should contribute to the development of Africa and  other emerging economies and developing countries.

He said South Africa had a direct interest in extending Brics’ cooperation to support Africa’s economic development agenda.

“The Brics countries can contribute to Africa’s development by increasing financial aid to build infrastructure and industrial capacity, and increasing imports of value-added manufactured products from the continent.

“The abundant natural resources of Africa, the growing consumer power of Africa’s emerging middle class, and high growth rates offer an opportunity to build a more sustainable and mutually beneficial relationship with Africa in the next decades.”

Davies said the Brics-led development bank, which is being discussed, should mobilise resources for infrastructure and sustainable development projects in Brics countries, as well as other emerging economies and developing countries.

The Minister is leading a delegation of 68 companies to the South Africa China Expos 2012 taking place in Beijing and Shanghai, China next week.

The share of the other Brics countries in South Africa’s total trade has increased from 10%, in 2005, to 18.6% in 2011, while South Africa's share of trade with the European Union declined from 36% to 26.5% over the same period.

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Construction, mining, development and engineering group Basil Read on Thursday announced that it expected a loss a share for the six months ended June 30, of between 131.18c and 160.33c, compared with the 198.28c earnings a share in the prior corresponding period....
JSE-listed Group Five on Thursday said it had secured a three-year R4-billion engineering, procurement and construction contract for the design and build of a 350 MW gas- and oil-fired combined cycle power plant in Ghana. Ghana-based Cenpower Generation would issue...
Phumulo Masualle and Naledi Pandor
The East London industrial development zone (Elidz) on Thursday afternoon officially launched its Science and Technology Park (STP), which is aimed at speeding up the pace of economic development in the Eastern Cape. The STP’s location within the Elidz was expected...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
MODDERFONTEIN NEW CITY Modderfontein New City will aim to exemplify an integrated city node and improve infrastructure utilisation through mixed-use spaces
Updated 5 hours ago The multibillion-rand development of the Zendai Modderfontein New City, east of Johannesburg, will aim to exemplify an integrated city node, says property group Zendai South Africa COO Wenhui Du. The development will focus on the Modderfontein Gautrain station to be...
Updated 5 hours ago The South African Civil Aviation Authority (CAA) hopes to have finalised regulations for the flying of Unmanned Air Vehicles (UAVs) – also designated Remotely Piloted Air Systems (RPAS) and popularly called drones – in the country’s civilian airspace by the end...
Updated 5 hours ago Various stakeholders have expressed optimism that the Small Business Development Ministry, created after the national elections in May, will add much needed impetus to enterprise development in South Africa, where a strengthening of the entrepreneurial culture is...
BOB SCHOLES To ensure that emissions plateau by 2020 and then decline until a net negative emission level is achieved by the end of the century, CO2 capture and storage in addition to major emission reduction efforts will be needed
Updated 5 hours ago Capturing and storing carbon dioxide (CO2) is the only way through which the world will achieve the lowest of the United Nations Framework Convention on Climate Change’s (UNFCCC) global warming predictions, called the representative concentration pathway (RCP) 2.6....
PARKS TAU Ongoing investigations had identified at least 30 large power users in Johannesburg as having defrauded the city
Updated 5 hours ago The City of Johannesburg has recovered R107-million following the arrest of 22 people allegedly involved in corruption, collusion, fraud and tampering with the city’s electricity systems, which had ultimately cost the city R200-million in lost revenue.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks