With strong measures introduced in the 2016 Budget to turn the South African economy around, business leaders have committed to work closely with the government to ramp up economic growth, create jobs and strengthen public finances.
Brand South Africa has noted and welcomes the strengthening of South Africa’s currency. The strengthening of the rand attests to the improvement in market sentiment towards South Africa.
With interaction between BRICS countries increasing and trade rising, the grouping of Brazil, Russia, India China and South Africa is transforming from a loose economic category into a global governance institution - with significant benefits for South Africa.
Since its inception, the BRICS grouping of Brazil, Russia, India, China and South Africa has made great strides in challenging the traditional global political and economic paradigm.