SA’s explosion of rage a warning to other Brics against the wall

08 August 2021 - 00:06 By

Two decades ago, a Goldman Sachs executive coined the label Brics to describe four big emerging countries: 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 summit meetings 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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