President Jacob Zuma is currently in New Delhi where he is leading a South African delegation to the fourth Brics Summit, which kicked off yesterday.
This year's summit will focus on global governance matters, including the global economy and international peace and security, as well as sustainable development issues, including climate change.
Trade and industry minister Dr Rob Davies commented: “We are of the view that there is a need to improve banking services among the Brics countries to help improve trade and business. Also, there is huge space for the Brics countries to cooperate in promoting the diversification of energy structure, enhancing the stability of resource supply, and developing energy-saving technologies.
“Lastly, technological innovation plays an important role in the economic growth. Delegates at the Business Forum will need to come up with a way of how they could enhance cooperation in technological innovation to accelerate growth,” said Davies.
He stressed the importance of information and communications technology (ICT) as the backbone for the development of business and the economy.
“Cooperation and sharing of the strengths in the ICT sector among the group would open new doors of development and opportunities for members.”
South Africa will host the fifth Brics sitting in 2013.
Source - BuaNews
