22072018 (Durban) The BRICS Business Council leader Dr Iqbal Survé (South Africa) singing inform and at the back is Sergey Katyrin (Russia), Paulo Cesar de Silva eSouza (Brazil), Xu Lirong (China) and Onkar Kanwar (India) witnessing the signing of the annual report after its adoption in Durban on Monday. Picture: Motshwari Mofokeng/ African News Agency/ANA

JOHANNESBURG - A two-day meeting of the Brics Business Council held in KwaZulu-Natal province has highlighted the provinces's appeal as an investment destination, its acting premier Sihle Zikalala said on Wednesday.

The meeting was held ahead of the 10th summit of the five-member group of Brazil, Russia, India, China and South Africa which began in Johannesburg on Wednesday.

“We were able to showcase our investment opportunities and expose delegates to some of our catalytic initiatives," Zikhalala said in a statement issued at the summit.

"During the investment session many Brics delegates indicated an interest in investing in the province."

He said the New Development Bank, a multilateral development bank established by the Brics states, had indicated its willingness and readiness to support member countries in pursuit of their aspirations, and that KwaZulu-Natal was "poised to benefit handsomely from the bank as can be evinced in the Durban port terminal which is financed by the bank".

- African News Agency