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The 4th Annual Meeting of the Brics New Development Bank is expected to bring together role-players from around the globe. Picture: @NDB_int/Twitter

Brics development bank

Role of BRICS bank questioned as SA hosts annual meeting in CT

By Jarita Kassen

The meeting is expected to bring together role-players from around the globe.

  • FILE: Minister of Finance Malusi Gigaba. Picture: Thomas Holder/EWN

    Eskom's Brics bank loan can still be used – Gigaba

    The bank offered the loan to the power utility to fund transmission lines to connect 500 megawatts of renewable energy from independent power producers to the national grid.

    1779 days ago
  • President of the NDB, Mr. Kundapur Vaman Kamath and Maite Nkoana-Mashabane signing agreements during the official launch of the African Regional Centre of the Brics New Development Bank in Sandton. Picture: GCIS.

    Gigaba: SA will benefit from Brics Bank

    The founding members of the bank - Brazil, Russia, India, China and South Africa - have brought in a total of $1 billion of initial contributions.

    1779 days ago
  • FILE: President Jacob Zuma. Picture: GCIS

    Zuma: Brics bank will promote sustainable development

    Zuma presided over the official launch of the bank’s Sandton branch.

    1780 days ago
  • FILE: Former Finance Minister Nhlanhla Nene. Picture: GCIS.

    Nene 'yet to be approached' about Brics Bank position

    President Jacob Zuma said Nhlanhla Nene had been earmarked for a Brics Bank job when he fired him.

    2179 days ago
  • South African President Jacob Zuma is greeted by Russian President Vladimir Putin as he arrives at the venue for the Brics VII Summit. Picture: Dirco.

    Concerns raised about new Brics bank

    Economist Mike Schussler says it’s unclear to what extent South Africa will benefit.

    2537 days ago
  • Brics leaders. Picture: GCIS.

    Brics Summit to focus on $100bn developmental bank

    Brics leaders are in the Russian city of Ufa for a special summit.

    2550 days ago
  • President Jacob Zuma and Russian President Vladimir Putin. Picture: AFP.

    'SA is Russia's leading trade partner in Africa'

    The comment was made by Russian president Vladimir Putin

    2609 days ago
  • FILE: Russian President Vladimir Putin, India's PM Narendra Modi, Brazilian President Dilma Rousseff, China's President Xi Jinping and South Africa's Jacob Zuma gesture during the 6th BRICS Summit in Fortaleza, Brazil, on 15 July 2014. Picture: AFP.

    Zuma arrives in Brisbane to attend G20 Summit

    Jacob Zuma will be updated on the establishment of a new BRICS developmental bank.

    2789 days ago
  • US dollars. Picture: AFP.

    IMF cuts global growth outlook

    The IMF says the global economy should expand 3.4 percent this year.

    2899 days ago
  • FILE: Jacob Zuma says South Africa’s initial contribution to capitalising the BRICS bank will be $150 million. Picture: AFP.

    Zuma: Brics bank ‘groundbreaking’

    The president says SA’s initial contribution to capitalising the Brics bank would be $150 million.

    2899 days ago
  • Russian President Vladimir Putin, India's PM Narendra Modi, Brazilian President Dilma Rousseff, China's President Xi Jinping and South Africa's Jacob Zuma gesture during the 6th BRICS Summit in Fortaleza, Brazil, on 15 July 2014. Picture: AFP.

    SA puts on brave face after BRICS loss

    The BRICS Development Bank will be based in Shanghai and not Johannesburg.

    2908 days ago
  • Start of the 6th Brics summit held at Centro de Eventos do Ceara' in Fortaleza, Brazil. Picture: GCIS.

    Brics summit kicks off

    It will be some time before an announcement is made on the headquarters of the Brics development bank.

    2908 days ago
  • Caption: (L-R) Brazilian President Dilma Roussef, Russian President Vladimir Putin,Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and South African President Jacob Zuma pose for group photo in Los Cabos, Mexico, June 18, 2012, during a BRICS's Presidents meeting before the opening of the G20 leaders Summit. Source: AFP

    Brazil to host BRICS summit

    Brazil will host Russia, India, China and South Africa on the back of the Fifa World Cup.

    2910 days ago
  • FILE: President Jacob Zuma is heading to Brazil this weekend for a BRICS summit. Picture: Reinart Toerien/EWN

    Zuma heads to Brazil for Brics summit

    The sixth summit will focus on the much anticipated BRICS development bank.

    2912 days ago
  • Trade and Industry Minister Rob Davies. Picture: Giovanna Gerbi/EWN.

    SA wants Brics bank in Joburg

    Minister Rob Davies says the country will put forward a strong case at the upcoming summit.

    2912 days ago
  • Caption: (L-R) Brazilian President Dilma Roussef, Russian President Vladimir Putin,Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and South African President Jacob Zuma pose for group photo in Los Cabos, Mexico, June 18, 2012, during a BRICS's Presidents meeting before the opening of the G20 leaders Summit. Source: AFP

    China: Consensus on new Brics bank

    The bank will have to be ratified by the countries’ legislatures and could begin lending in two years.

    2916 days ago
  • The group is hoping their leaders will officially launch the bank at their July meeting in Brazil. Picture: AFP.

    BRICS aim to finish bank prep by July

    The group is hoping their leaders will officially launch the bank at their July meeting in Brazil.

    3004 days ago
  • FILE: President Jacob Zuma at Boardwalk Hotel in Port Elizabeth 14 July 2013. Picture: GCIS

    Zuma has high hopes for Africa, Brics

    The president spoke at Brics Business Council meeting, urging members to take advantage of opportunities.

    3237 days ago
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