WC hosts BRICS roadshow

Loyiso Langeni

05 March 2013

Today the Deputy Minister of International Relations and Cooperation Marius Fransman addressed delegations in Cape Town at the BRICS roadshow. 

The theme of the fifth BRICS Summit which will be held in Durban from the 26^th to the 27 of March 2013 is BRICS and Africa: Partnership for Development, Integration and Industrialization.

Deputy Minister of International Relations and Cooperation Marius Fransman in his address said just as BRICS constitutes a mechanism to rectify the imbalance in the global economy, it is extremely challenging in the context of the Western Cape being one of the most unequal places in the world.

BRICS is an acronym for the powerful grouping of the world’s leading emerging economies, Brazil, Russia, India, China and South Africa.

Fransman said the event in Durban also offers the opportunity of a Business Forum that will take place on the margins of the Summit.  The Business Forum will strengthen our intr-Brics relations. 

Deputy Minister Fransmans urged delegates to support the Western Cape as it position itself as a potential investment destination and is prioritising key economic sectors to contribute to job creation, which is one of our objectives for joining BRICS.