SA's appointees undermine the bank's claims of being an alternative to Washington financiers.
With South Africa's membership, Africa can benefit with most, if not all, their development projects, writes Thebe Mabanga.
Leaders of the Brics emerging economies are to launch a development bank at a summit in the remote Russian city of Ufa this this week.
The friction between different schools of socialist thinking has produced more light than heat for South Africa.
Greece, who is trying to reach a deal with EU-IMF creditors, says the invitation is a “happy surprise” and they will further consider the proposal.
The recent G20 summit presented the Brics countries with an opportunity to fast-track plans for the establishment of a joint financial institution.
The presidency says reports that Jacob Zuma cancelled his UK trip because David Cameron declined to meet with him are "incorrect and mischievous".
President Jacob Zuma has cancelled a second trip to the UK after being declined by Prime Minister David Cameron, not because of a scheduling conflict.
A second wave of reforms is needed to sustain the success of India, Brazil and SA.
Seen as a challenge to the IMF and World Bank, the new Brics bank will help all nations in distress to return to health, says President Jacob Zuma.
The alliance is in a co-dependent relationship with most malevolent forces of global finance.
The grouping's smallest member could become the New Development Bank's biggest winner.
The Brics emerging-market powers are shaking up economic governance but remain far from dismantling the post-war system dominated by the West.
The headquarters of the bloc’s new bank will be in China, but South Africa will host the institution’s main centre for its affairs on the continent.
The largest emerging economies will push ahead with a $50-billion development bank to provide alternative funding for the Brics countries.
Major industrialised nations have warned Moscow of tougher economic sanctions if it goes beyond the seizure of Crimea.
South Africa's scientists and engineers have changed the sometimes negative perception of the country.
Forget the Brics and the Civets, Mexico, Indonesia, Nigeria and Turkey are the new kids on the bloc, according to economists.