Brics fall like dominoes: sooner or later the others will rage like SA
The ingredients have been present for many years in India and Brazil, and they’ve only become more toxic recently
02 August 2021 - 19:38
Two decades ago, a Goldman Sachs executive coined the label Brics to describe four big emerging nations: Brazil, Russia, India and China. Rapid growth and expansion of the ranks of the wealthy in these countries vindicated the faith of investors. Their leaders started to hold annual summits and even established their own development bank. They invited SA to become a member in 2011, conveniently completing the catchy acronym...
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