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December 25, 2010

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Home » Business » Economy

From BRIC to BRICS

SOUTH Africa has received a formal invitation to join the BRIC group of large emerging economies comprising China, Brazil, Russia and India, South African Foreign Minister Maite Nkoana-Mashabane said yesterday.

"China, in its capacity as rotating chairperson of the BRIC formation, based on agreement reached by the BRIC member states, invites South Africa as a full member into what will in future be called BRICS," Nkoana-Mashabane said in Pretoria.

According to the website of China's Ministry of Foreign Affairs, Chinese Foreign Minister Yang Jiechi and Nkoana-Mashabane talked by phone on the invitation of South Africa's attendance on Thursday. It also said Chinese President Hu Jintao has issued a letter of invitation to South African President Jacob Zuma to attend the third BRIC leaders' summit, to be held in China next year.



 

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