The Brics group of emerging economies has launched its New Development Bank in Shanghai. The bank is backed by Brazil, Russia, India, China and South Africa, collectively known as Brics countries. The institution will lend money6 to developing countries to help finance infrastructure projects. It is also an alternative to the World Bank and the International Monetary Fund, although the group says it is not a rival. Today on the program we will be looking at what South African business leaders and business in general could leverage from the Brics Bank. We are joined by:
Mr Sandile Zungu, Executive Chairman ZICO Investment Holding and also a Member of the SA Chapter BRICS Business Council.
Khathutshelo Ramukumba CEO of NYDA (National Youth Development Agency)
Peggy Drotsky – Chief Executive of the South African Chamber of Commerce
Soren Ambrose Head of Policy Research and Advocacy at Action Aid in Kenya
