Ideas

Brics is not a boon, my China: iLIVE

28 March 2013 - 03:35 By Joe Cimino, Sandton
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Heads of the BRICS countries pose prior to the BRICS summit
Heads of the BRICS countries pose prior to the BRICS summit

South Africa has the lowest growth rate and worst current account deficit of the Brics countries.

With the Chinese dumping low-cost goods into our country, and creating unemployment in manufacturing and the textile industries, one has to ask what South Africa has to gain from this marriage. The communist capitalists have the edge. I suggest our government learns to speak Mandarin.

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