The team has extensive business experience: Busi Mabuza is chairperson of the Industrial Development Corporation; Dr Ayanda Ntsaluba is group executive director of Discovery; Bridgette Radebe is chairperson and chief executive of Mmakau Mining; Dr Stavros Nicolaou is Aspen Pharmacare executive director responsible for strategic trade development and Elias Monage is chief executive of the Afika Group.
Each BRICS country nominates a five-member business council. These chapters meet from time to time to discuss how better to foster business-to-business relationships and investments between the countries.
Mabuza is the global chairperson of the BRICS Business Council, a position that will shift to Brazil at the BRICS Business Council Midterm meeting in April in Johannesburg.
The BRICS Business Councils were first established in 2013 and arose from a recognition among attendees of the business forums, held at every BRICS Summit, that there needed to be more continuity in the business-to-business trade and investment promotion activities in the Brics countries.