News / Africa

BRICS Raises South Africa's Profile as Economic Gateway

A woman walks past the International Convention Center where the 5th BRICS Summit will be held, in Durban, South Africa, Mar. 25, 2013.
A woman walks past the International Convention Center where the 5th BRICS Summit will be held, in Durban, South Africa, Mar. 25, 2013.
Anita Powell
South Africa’s position as a gateway to Africa is a highlight of this year’s BRICS summit. Members of the BRICS bloc - Brazil, Russia, India, China and South Africa - top officials from the African Union and leaders of Africa’s regional economic communities are attending this week’s summit in Durban.

South Africa is the newest and financially weakest member of the BRICS bloc. But its membership, South African officials say, affords nations in the group a coveted gateway into Africa - and access to its economic resources, inexpensive labor and growing consumer base.
 
Population and GDP of BRICS Nations
Population and GDP of BRICS Nations

To that end, South African President Jacob Zuma said he had invited, in all, 15 African heads of state to the meeting. Among them are the new leaders of East African powerhouse Ethiopia and West Africa's economic and diplomatic hub Senegal - though both of those leaders will be representing regional organizations.

But do the BRICS nations need South Africa's introduction to the rest of Africa? Tom Wheeler of the South African Institute of International Affairs said maybe.

“In some ways yes and in many ways no," Wheeler  said. "I think that China doesn’t come to South Africa to get to Africa, nor does India. In some ways, the financial institutions here are useful to move into Africa but then again those countries probably don’t need it. There are probably other countries that will use this route more regularly.”

Wheeler notes, China-Africa trade hit $20 billion last year. President Xi Jinping made his first visit to the continent ahead of the summit, visiting the Republic of Congo and Tanzania.

But South African officials argue they are attempting to reach out to the rest of the continent through a proposed BRICS development bank, which may be able to extend loans that the major lending institutions will not. The bank’s focus will be infrastructure - a key issue in Africa, where many resource-rich nations are held back by their lack of basic structures.

Caroline Bracht of the University of Toronto-based BRICS Research Group, said the African attendees have good reason to develop friendly relations with BRICS.  

"Their growth has been variable over the last quarter or two quarters or so, [but] it is still much faster and much more rapid than the Western countries. ... So these countries, at the moment, by engaging with the BRICS, have access to some finances," Bracht said.

"The question is now, who is leading the agenda. And I'm hopeful of this situation in the sense that the Africa-BRICS dialogue will hopefully facilitate an African agenda, versus the BRICS bilateral, or pluri-lateral agenda," she added.

Whether South Africa's membership benefits the rest of Africa as touted will become more clear when the BRICS summit opens Tuesday.

You May Like

Polls Open in Scotland Independence Vote

As race to persuade undecided voters continues, 'No' voters say they believe life in Scotland will slowly improve, 'Yes' vote not worth the risk More

South Africa’s 'Open Mosque' Admits Everyone, Including Critics

Open Mosque founder plans to welcome gay worshipers and allow women to lead prayers More

Ukrainian Activist in Despair About Future of Her Country

IrIna Dovgan, accused of being a spy and tortured by pro-Russian separatists, is appealing to UN Human Rights Council to support her country More

This forum has been closed.
Comment Sorting
Comments
     
by: Kendrick Sooknarine from: Trinidad and Tobago
March 26, 2013 4:39 AM
No task should be evaded because it is difficult. This is a most worthy effort. There will be problems,but that is the nature of things. This has been long awaited.
The world today is about markets and these countries have the biggest markets of the world.
I hope that it will also mean a rise in global living conditions.


by: Shuman M from: Memphis, TN
March 25, 2013 3:41 PM
India is the poorest of them all...and here is how

country population GDP GDP - I
Russia 141,000,000 1,860,000,000,000 $13,191
Brazil 197,000,000 2,480,000,000,000 $12,589
South Africa 50,600,000 408,000,000,000 $8,063
China 1,340,000,000 7,300,000,000,000 $5,448
India 1,240,000,000 1,850,000,000,000 $1,492


by: Godwin from: Nigeria
March 25, 2013 1:27 PM
BRICS is a name for a group of countries that want to control their countries by themselves. In other words, BRICS stands for truly independent countries wanting to do their own things without outside interference, especially from the USA. But can they stand? Will longerthroatism allow the overtly corrupt heads of governments to keep their avarice in check? The desire to have foreign accounts for themselves and foreign properties and schools for their households constitute a snag the donor countries of the G8 group have used to peg corrupt officials to the funds that they ensure their countries do not work except they receive aid from USA. BRICS will break the stranglehold of the G8 and G20 on economies struggling to rise if they remove corruption. But how can they when they are already stringed in the slush funds and will be exposed for one crime or another if they dare try to regain control for their countries. Let's watch and see if they will survive. That's if China is going to sustain quality leadership of this group. Otherwise there seems no other country inside of the group that is able to stand the financial power of US diplomacy and administration of the slush fund. At the best, China may end up with a wider scope of trading partners, but the group does not have a chance given their attachment to US economic and socio-political policies.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
A Dinosaur Fit for Land and Wateri
X
September 17, 2014 8:44 PM
Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Video

Video A Dinosaur Fit for Land and Water

Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Video

Video Iraqi Kurdistan Church Helps Christian Children Cope find shelter in churches in the Kurdish capital, Irbil

In the past six weeks, tens of thousands of Iraqi Christians have been forced to flee their homes by Islamic State militants and find shelter in churches in the Kurdish capital, Irbil. Despite U.S. airstrikes in the region, the prospect of people returning home is still very low and concerns are starting to grow over the impact this is having on the displaced youth. Sebastian Meyer reports from Irbil on how one church is coping.
Video

Video NASA Picks Boeing, SpaceX to Carry Astronauts Into Space

The U.S. space agency, NASA, has chosen Boeing and SpaceX companies to build the next generation of spacecraft that will carry U.S. astronauts to the International Space Station by the year 2017. The deal with private industry enables NASA to end its dependence on Russia to send space crews into low Earth orbit and back. Zlatica Hoke has more.
Video

Video Future of Ukrainian Former President's Estate Uncertain

More than six months after Ukraine's former President Viktor Yanukovych fled revolution to Russia, authorities have yet to gain control of his palatial estate. Protesters occupy the grounds and opened it to tourists but they are also refusing to turn it over to the state. VOA's Daniel Schearf reports from Mezhigirya, just north of Kyiv.
Video

Video China Muslims Work to Change Perceptions After Knife Attacks

China says its has sentenced three men to death and one woman to life in prison for a deadly knife attack in March that left more than 30 dead and 140 injured. Beijing says Muslim militants from China's restive western region of Xinjiang carried out the attacks. Now, more than six months after the incident, residents in the city are still coping with the aftermath. VOA's Bill Ide has more from Kunming.
Video

Video Enviropreneur Seeks to Save the Environment, Empower the Community

Lorna Rutto, a former banker, is now an ‘enviropreneur’ - turning plastic waste into furniture and fences discusses the challenges she faces in Africa with raw materials and the environment.
Video

Video West Trades Accusations Over Ransoms

As world leaders try to forge a common response to the threat posed by Islamic State militants in Iraq and Syria, there is simmering tension over differing policies on paying ransoms. In the past month, the jihadist group has beheaded two Americans and one Briton. Both countries refuse to pay ransom money. As Henry Ridgwell reports for VOA from London, there is uncertainty in the approach of some other European nations.
Video

Video Scotland Independence Bid Stokes Global Interest

The people of Scotland are preparing to vote on whether to become independent and break away from the rest of Britain, in a referendum being watched carefully in many other countries. Some see it as a risky experiment; while others hope a successful vote for independence might energize their own separatist demands. Foreign immigrants to Scotland have a front row seat for the vote. VOA’s Henry Ridgwell spoke to some of them in Edinburgh.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid