Business Unity South Africa (Busa) will send a delegation of over 50 companies to South Africa's second BRICS Business Forum in New Delhi, India, which kicks off on Wednesday.
Busa said Africa's economic expansion of 5% over the past decade had been a direct product of its strategic ties to the emerging world, where BRIC (excluding SA) countries serve as the growth engine.
According to BuaNews, the South African private sector has already made inroads into the BRICS markets. There are a number of high profile investments from South Africa into BRICS member countries, including Sasol's coal-to-liquids plants in China and India; SAB Miller's investments in the Chinese beverage sector; and the Naspers investment into the Russian ICT sector.
The forum will be held from March 28-29.
