Feb 02, 2011
South Africa landed a coveted membership with the Brazil, Russia, India and China bloc (BRIC) by marketing itself as a gateway to Africa but analysts doubt whether this development holds real benefits for poor countries on the rest of the continent. Sanusha Naidu, research director of communication network Fahamu’s 'emerging powers in Africa' programme, says: 'What most people fail to realise is that by joining BRIC, South Africa offers a strategic partnership for investors from these countries. These investors do not necessarily have the savvy to do business on the continent, nor do they want to take all the risks associated with it. Linking up with South African capital can provide the commercial spin they are looking for.'
































