Brics business leaders to gather in Sandton

More than 1000 delegates from Brazil, Russia, India, China and South Africa (BRICS) will gather at the Sandton Convention Centre in Johannesburg tomorrow, Wednesday, 25 July 2018 for the BRICS Business Forum which will takes place as part of the 10th BRICS Summit. The Heads of State of the BRICS countries will preside over the afternoon session of the Business Forum and provide direction on strategic issues under discussion.   The Minister of Trade and Industry, Dr Rob Davies, Deputy Minister Mr Bulelani Magwanishe and the Chairperson of the BRICS Business Council, Dr Iqbal Surve will deliver speeches at the opening session of the forum starting from 09:00. Their address will be followed by four thematic sessions that cover various topics. The Ministers of Trade, Commerce, Industry, Economic Development and External Relations of the five BRICS countries will all be panelists in the session where The Role of BRICS in Trade and Investment facilitation amidst a Changing Global Political Economy will be discussed.   According to the Minister of Trade and Industry, Dr Rob Davies, the delegates who will comprise of captains of industry, heads of state-owned entities and government leaders will deliberate on strategic economic matters affecting the future of BRICS.   “In line with the BRICS Summit theme, BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in The Fourth Industrial Revolution, the Business Forum will deliberate on the current global political economy and its implications for BRICS member countries, the implications of the 4th Industrial Revolution on inclusive growth and transformation, facilitating intra-BRICS trade, as well as fostering BRIC-Africa partnerships,” says Minister Davies.   Minister Davies added that the business forum will provide a platform to showcase the economic prowess of the African continent with a particular focus on advanced manufacturing, energy, technology, rail, aviation, information and communication technology, financial services and beneficiation (agro-processing and mining), as well as to enhance the flow of foreign direct investments from the BRICS bloc into the continent.   “The Business Forum will also offer an opportunity to facilitate the creation of manufacturing value-chains on the African continent, to stimulate dialogue on the utilisation of financing packages offered by the New Development Bank, and to promote synergies with development finance institutions on the continent. The Business Forum is also important because it will create opportunities for partnerships between African and BRICS companies as well as develop concrete measures to address the deficiencies within productive sectors impeding the optimal development of the continent,” said Minister Davies. Brics Business Forum Programme   Enquiries: Sidwell Medupe-Departmental Spokesperson Tel: (012) 394 1650 Mobile: 079 492 1774 E-mail: MSMedupe@thedti.gov.za Issued by: The Department of Trade and Industry Follow us on Twitter: @the_dti

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President Ramaphosa appoints Deputy President Mabuza as Special Envoy to Russia

President Cyril Ramaphosa has appointed Deputy President David Mabuza as his Special Envoy to the Russian Federation, where he will, among other things, meet with President Vladimir Putin in Russia. The Deputy President will therefore meet President Putin in Moscow tomorrow, 15 May 2018, to amongst others, convey President Ramaphosa’s message of congratulation to President Putin on his re-election in March and his subsequent inauguration on 7 May 2018 as President of the Russian Federation. President Ramaphosa looks forward to further strengthening the already existing political, economic and trade ties between South Africa and Russia. These relations are underpinned by the common values the two countries share with regard to respect for the rule of law in international relations, multilateralism, the central role of the United Nations in global governance, the primary role of the United Nations Security Council in the maintenance of global peace and security, the development of bilateral relations on the basis of equality, reciprocity, mutual benefit and respect for sovereignty and territorial integrity of states. The President will host his Russian counterpart as well as other Heads of State of the Brazil Russia India China South Africa (BRICS) bloc of nations at the forthcoming BRICS Summit in South Africa from 25-27 July 2018. Media enquiries: Khusela Diko, Spokesperson to the President on 072 854 5707 Issued by: The Presidency Pretoria

About Us

The Northern Business Review is a business community newspaper that provides a platform for businesses to market their products and services, as well as build their brand, but equally important the publication provides information, advice and topics of interest, including business, entrepreneurial, economic reviews and simple ideas to grow your business. The publication has a primary objective to “uniquely” represent businesses to a wide audience across the community as well as provide a media platform of business articles and information that affect, influence and uplift the business environment within our defined geographical and cultural community.

@NsabasiNBR

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