CAPE TOWN - With the full-blown US-China trade war under way, Transnet chief executive Siyabonga Gama has called on the BRICS bloc to work together to improve infrastructure, promote innovation and reduce policy uncertainty.
He said this would attract private investment, raise economic productivity, promote job creation and reduce barriers to market entry.
He was speaking at the launch of the BRICS Business Council Infrastructure Working Group’s Infrastructure Working Group Project Portal at Kempton Park in Johannesburg yesterday (CORR: 11 June).
Gama is also on the South Africa Chapter of the BRICS Business Council.
On the trade war, which resulted in the Trump administration announcing on Friday that it would impose a 25 percent tariff on up to US$50 billion in Chinese goods, Gama called on the BRICS countries to be a barricade against forces wishing to take them backward.