BRICS 'can re-shape Africa funding'

The BRICS grouping can help forge a new funding model for Africa in which projects spanning a number of countries are favoured for finance, President President Jacob Zuma told a gathering of BRICS and African leaders in Durban on Wednesday.

Go-ahead for BRICS development bank

Brazil, Russia, India, China and South Africa have agreed to establish a BRICS development bank to help finance infrastructure development in the BRICS and other developing countries, South Africa President Jacob Zuma said at the conclusion of the 5th BRICS summit in Durban on Wednesday.

BRICS group to promote green economy

Brazil, Russia, India, China and South Africa have signed a multilateral agreement on climate cooperation and the green economy, which will facilitate the exchange of technical and financial support to address the impact of climate change on developing countries.

Motsepe to head BRICS Business Council

South African businessman Patrice Motsepe has been named chairman of the newly formed BRICS Business Council, a platform for strengthening ties between the business communities of the five BRICS member countries.

SA, Russia open helicopter service hub

South African defence equipment manufacturer Denel Aviation and Russian Helicopters have opened a maintenance, repair and overhaul centre for Russian-built helicopters in Johannesburg.

SA's biggest MTB festival set to rock

South Africa's leading mountain bikers, along with thousands of enthusiasts, are gearing up for another bumper adventure weekend at the Karkloof Classic MTB Festival in the KwaZulu-Natal Midlands from 19 to 21 April.