A Mechanism For Growth

The BRICS Business Council is one of the most important mechanisms for business cooperation between the five regions.

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South African Chapter BRICS Business Council

Established in March 2013 during the Fifth BRICS [Brazil, Russia, India, China and South Africa] Summit held in Durban, South Africa, The BRICS Business Council aims to facilitate cooperation between the five countries in various sectors, as well as promote trade and industry amongst them. As a member of this council, the South African Chapter BRICS Business Council has positioned itself on the pulse of South African trade and industry with an objective to further encourage the aims of the BRICS Business Council.

South Africa, which joined BRICS in 2010, has already seen benefits coming out of its membership of BRICS and this will surely go from strength to strength.

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Find Out More About The BRICS Countries

%

of the world’s population

BRICS countries are

%

of the world’s land territory

%

of the world’s GDP

South Africa’s Export Trade With BRICS Countries (in $ billion)

(adapted from igd.org.za)

  • 2009 (prior to joining BRICS) 8.3%
  • 2010 (South Africa joined BRICS) 12.1%
  • 2011 (one year after joining BRICS) 17%
  • 2012 15.3%
  • 2013 16.1%
  • 2014 13.4%
  • 2015 9.7%
  • 2016 10.6%