A cumbersome visa regime, high crime rate and the lack of a direct flight between India and South Africa are some of the biggest stumbling blocks for businesses opportunities between the countries. This is according to the President of the India Business Forum, Jitin Bhatia. CNBC Africa caught up with Jitin at the BRICS Business Council meeting taking place in Johannesburg.
The development bank of the BRICS group of emerging economies has approved funding of $790 million for three projects in the African country.
The CEO of TATA Africa Holdings, Len Brand has accepted an invitation for a position on the BRICS Institutes Advisory Board .The advisory board includes leaders in business and government from all 5 member countries of BRICS. For more on this opportunity and the success of the BRICS Advisory board CNBC Africa is joined by Len Brand the CEO of TATA Africa Holdings.
South African Health Minister Aaron Motsoaledi, hosted the Health Ministers BRICS meeting where they discussed various issues pertaining to the improvement of each country’s health systems. For more CNBC Africa caught up with the minister on the side-lines of the 10th Brics summit 2018.
On the side-lines of the 10th Brics summit 2018 CNBC Africa spoke to Executive Secretary of SADC Stergomena Lawrence, on how SADC can collaborate with Brics on industrialisation and infrastructure development.
Finance Minister Nhlanhla Nene has called for emerging economies to unite against protectionism at the ongoing 10th Brics summit. He also touched on the bailouts extended to SOEs and responsibilities that these entities should assume.
Kirill Lipa CEO of Transmashholding speaks to CNBC Africa about the decision to invest in South Africa’s transport sector on the sidelines of the BRICS summit.