Ramaphosa Tells BRICS Counterparts That South Africa Is Making Steady Progress In Improving Local Business Climate

Riyaz Patel

President Cyril Ramaphosa has tld his BRICS Counterparts in Brazil that “much still needs to be done” to implement elements of the Economic Partnership Strategy adopted at the 7th BRICS Summit in 2015.

In particular, Ramaphosa said, “there is tremendous scope to expand the value of trade and investment between BRICS countries, and to address the trade imbalance between our economies.”

The Strategy Ramaphosa reminded, aims to promote mutual trade and investment while creating a business-friendly environment for investors and entrepreneurs in all BRICS countries.

 “As a country that is primarily an exporter of commodities to its BRICS partners, South Africa supports a shift towards complementary and value-added trade,” he added.

Ramaphosa outlined to his BRICS partners that South Africa has “made steady progress in improving the ease of doing business in the country by focusing on factors that contribute to the country’s improved competitiveness.” 

He said