Alec Hogg’s second day in Davos, Switzerland at the World Economic Forum showcases not only the essence of the high-profile meetings in the Alps, it edifies the case for bringing the world’s leaders together. In this podcast Alec takes us through a day that was power-house packed to say the least!
The BRICS grouping of emerging market nations is leading the flight of illicit capital from the developing world, according to data in a new report released this week.
Colin Coleman who spoke at the Annual Super Return Africa Private Equity & Venture Capital Conference diplomatically explains why the S in BRICS is a dud.
By Alec Hogg South Africa is increasingly aligning itself politically with the other BRICS – specifically China, the emerging super-power that invited us into the elite grouping in the first place. We’re certainly reciprocating, not just by refusing the Dalai Lama a visa. It’s almost impossible to import desperately needed professional skills from the West, … Read more
After today’s release of the keenly awaited annual World Competitiveness Report, we got hold of the WEF’s Margareta Drzeniek-Hanouz for further insights. Sadly, there wasn’t much she could advise beyond the hope that those who have the power to change things take note of the problem areas and build on the good ones. SA’s overall … Read more
A recent piece on BizNews by Peter Fabricius puts forward the perspective that based on the most recent meeting of the leaders of the BRICS nations, that perhaps, South Africa is not on the equal footing that it may think it is with its national companions. Having a look at the outcomes of last week’s BRICS meeting … Read more
There are fundamental issues that are currently plaguing South Africa’s economy, its position on the African continent and its potential to grow. We are a well developed country on a continent that is just now being ignited by the potential of growth – nations are driving development, they are desperate for investment. And South Africa, … Read more
For South Africans, most of the excitement ended even before the BRICS Summit in Fortaleza began earlier this week. After the previous summit in Durban, hopes were high that the $100bn BRICS Development Bank would be headquartered in Johannesburg. The South Africans had done most of the work on putting the structure together, and as … Read more
By Alonso Soto and Anthony Boadle FORTALEZA Brazil (Reuters) – Leaders of the BRICS emerging market nations launched a $100 billion development bank and a currency reserve pool on Tuesday in their first concrete step toward reshaping the Western-dominated international financial system. The bank aimed at funding infrastructure projects in developing nations will be based in Shanghai, … Read more
By Lidia Kelly MOSCOW (Reuters) – Leaders of the Brics nations will launch their long-awaited development bank at a summit next week and decide whether the headquarters should be in Shanghai or New Delhi, Russian Finance Minister Anton Siluanov said on Wednesday. The creation by Brazil, Russia, India, China and South Africa of a $100 billion bank to finance infrastructure projects has been slow in coming, with disagreements … Read more