DURBAN - KwaZulu-Natal would be looking at the two-day BRICS Business Council meeting taking place in Durban as a key opportunity to attract investment into the province, according to economic development and tourism MEC, Sihle Zikalala.
Zikalala, also the acting provincial Premier, was addressing the media at the Albert Luthuli International Convention Centre (ICC) in Durban on Sunday morning during the first day of the BRICS economic bloc’s business council conference. About 500 delegates – including business leaders from BRICS nations – are expected to attend.
“When we took over the presidency [of BRICS] this year, we agreed as government that we would work together to ensure that as South Africa chairs BRICS, we would [use this period] to augment investment in South Africa and Africa.
“This platform is one where we will be presenting ourselves as the province and the country [of choice],” said Zikalala. The focus would be on key catalytic projects.
Emerging economies Brazil, Russia, India, China and South Africa are member states of BRICS and are working to enhance, amongst others, commercial, cultural, scientific, security and political opportunities amongst the nations. Together, the BRICS bloc accounts for over 42% of the world’s population.