South Africa Invited To Join Bric; “BRIC” To Henceforth Be Called “BRICS" - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / South Africa Invited To Join Bric; “BRIC” To Henceforth Be Called “BRICS" (867 Views)
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| South Africa Invited To Join Bric; “BRIC” To Henceforth Be Called “BRICS" by OchiAgha2(m): 12:35am On Dec 25, 2010 |
(CP-Africa) - South Africa has been invited by China to join the group of four of the fastest growing emerging economies in the world, Brazil, Russia, India and China, the BRICs, Reuters reports. The country which is Africa’s top economy was invited officially today by China’s foreign minister according to a statement released by South Africa’s minister of international relations and cooperation, Maite Nkoana-Mashabane. South Africa applied to join BRIC at the G20 meeting of the world’s leading economies in Seoul in November. According to 2009 World Bank estimates, South Africa is the world’s 31st largest economy. With South Africa’s addition, the BRICs will now be spelled the “BRICS.” The term “BRIC” was originally coined in 2001 by Jim O’Neill, Chairman of Goldman Sachs Asset Management. http://www.cp-africa.com/2010/12/24/breaking-south-africa-invited-join-bric-bric-henceforth-called-brics/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed:+CelebratingProgressAfrica+(CP-Africa)&utm_content=Twitter |
| Re: South Africa Invited To Join Bric; “BRIC” To Henceforth Be Called “BRICS" by Nobody: 9:20am On Dec 25, 2010 |
Very soon it should start to spell ''BRICSN''.  |
| Re: South Africa Invited To Join Bric; “BRIC” To Henceforth Be Called “BRICS" by logic1: 9:35am On Oct 05, 2011 |
The term “BRIC” was originally coined in 2001 by Jim O’Neill, Chairman of Goldman Sachs Asset Management. BRICS is just a nomenclature invented by brilliant investors who are trying to exploit the people of Brazil, Russia, India, China and South Africa. The BRIC nations got to where they are because they turned down IMF structured foreign investment and chose instead to focus on building their own economies. When IMF and the investment community say an economy is growing what they mean is that the claims they have to that economy's labor, land and natural resources are growing! It means they can now bet more money on the nation! Money value is an illusion. We should say no to foreign investment because the investor is KING! the borrower is SERVANT to the lender! We can organize ourselves! we are the ones who have true capital - Land, Labor and Natural Resources. We should organize our capital to develop ourselves! No great nation was ever developed with foreign investment. That's a statement that IMF seeks to obscure in the minds of everyone. Check out the following topic to view and contribute to a more detailed discussion on ways we can make Nigeria better. https://www.nairaland.com/nigeria/topic-764430.32.html |
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