The Southern African Development Community is expecting its biggest ever investment of Chinese money in the region when representatives from China's major industries travel to South Africa for a trade forum in May.
South Africa's inclusion in the BRICS group of influential developing countries has given the continent of Africa new geopolitical significance, says International Relations Minister Maite Nkoana-Mashabane.
South Africa's success as the new member of BRICS will be determined by how Pretoria relates to the rest of Africa and how it uses its membership of the group to address critical issues facing the continent, says Trade and Industry Minister Rob Davies.
South Africa and Africa's future prosperity is increasingly linked to the BRICS economies of Brazil, Russia, India and China, and the grouping is well placed to "decisively assist in tackling our development deficits," says President Jacob Zuma.
President Jacob Zuma, addressing the opening ceremony of the Boao Forum for Asia's annual meeting on Friday, called on developing and developed countries not to move towards trade protectionism or to significantly devalue their currencies.
South African president Jacob Zuma addressed the plenary session of the third BRICS Leaders Meeting in China, saying that the emerging new world order aims at securing shared prosperity for all, and places tremendous value on development.
Brazil, Russia, India, China and South Africa - the BRICS grouping of influential developing countries - have signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other.
South Africa's unique value system and outlook, as well as its position as Africa's strongest economy, will help boost the BRICS grouping, President Jacob Zuma said on the opening day of the BRIC Leaders Summit in Sanya, China.
South African business must be "aggressive" in taking on new opportunities in Brazil, Russia, India and China through South Africa's new membership of the BRICS grouping, says President Jacob Zuma.
The five BRICS countries - Brazil, Russia, India, China and South Africa - will not compromise in their efforts to create fairer global trade conditions for developing nations at the Doha round, says South African Trade and Industry Minister Rob Davies.