How SA business can monetise relationships with BRICS economies
South African business is entering a more ambitious phase of its engagement with BRICS, one increasingly defined by deal-making, trade facilitation, investment mobilisation and measurable commercial outcomes.
South African businesses are increasingly engaging with BRICS economies, with a focus on deal-making, trade facilitation, investment mobilisation, and measurable commercial outcomes. Dr Stavros Nicolaou, Group Senior Executive, Strategic Trade at Aspen Pharma Group, highlights that a decade of building relationships has yielded fruitful outcomes.
South Africa's participation in BRICS has led to important relationships across different regions, and the country should consider how these can diversify economic partnerships. South Africa's mineral and agricultural resources, alongside its capabilities in automotive manufacturing, pharmaceuticals, chemicals, agriculture, and digital services, present opportunities for beneficiation, manufacturing, advanced services, innovation, and technology-intensive production.
The task is to connect these capabilities to international markets and investment partnerships, creating conditions for South African companies to participate further up global value chains.
Brief written by urgent.news from Daily Maverick's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
