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BRICS Member states formed partnership on new industrial revolution

The 10th BRICS summit that was held last year in Johannesburg –South Africa — saw the formation of the Partnership on New Industrial Revolution. This is a programme among BRICS nations — that was to focus on maximising the opportunities arising from the New Industrial Revolution. After that summit, South African president Cyril Ramaphosa told parliament that the nation had secured loans from fellow-BRICS member China — in a clean beneficial agreement for state-owned companies Eskom and Transnet. Ramaphosa also explained that China was just as concerned about the trade deficit between the two nations — and that Chinese President Xi Jinping was willing to look into products that China could buy from South Africa.
We are now joined from Johannesburg by Jonathan Foster -Pedley, Dean and Director of Henley Business School, Africa.

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