The finance minister was elected to the position at a meeting of the bank’s leadership taking place in Shanghai, China.
The deputy president and Jacob Zuma are both in Russia to meet the newly re-elected head of state
The move appears to set a point of departure on South Africa’s role in the BRICS group
Monale Ratsoma, deputy director general of Treasury’s economic policy department, will lead the regional arm of the bank.
Despite the naysayers, South Africa’s new president has pulled astute moves in a short time
Returning accountability and good governance to South Africa will require much more than punctuality.
Years of underhand scheming were paying off handsomely but the very institutions Zuma sought to undermine were finally his undoing
The NEC wants Ramaphosa to be sworn in as South Africa’s new president by Friday the latest and deliver SONA before the budget speech later this month
The prospective rating agency is said to challenge the three pro-west dominant credit rating agencies Fitch, Moody’s and S&P global rating.
Just who authorised a lucrative rail contract between the embattled parastatal and China?
‘The Civicus Monitor, an online tool that tracks threats to civil society around the world, rates South Africa’s civic space as "narrowed"’
The idea that South Africa must look towards the International Monetary Fund to rescue itself from the prevailing crisis must be dismissed.
The ANC’s international relations subcommittee plans to push for the establishment of a Brics ratings agency to be official party policy.
The Brics are driving income equality but this could reverse if emerging market growth slows and income inequality within countries accelerates
The defining characteristic of Zuma’s tenure has been his ability to cloak his private and personal interests in a bigger ideological framework
The Black Business Council says it has plans for ‘impartial’ alternative to Moody’s, S&P and Fitch
New alliances with Washington and internal leadership problems are some of the problems that could rock the bloc
Funding and investments between Global South countries are seemingly positive, but also obscure, writes Jakkie Cilliers.
The changing face of international relations reveals a lot of potential for the African continent
Eskom is finalising terms with the New Development Bank over a major loan to boost the power grid and aid SA’s independent renewable power producers.
Con artists are using Patricia de Lille’s name to solicit details from unwitting users in a phishing scam.
Instead of following misplaced loyalties, foreign policy should take its cue from domestic priorities: jobs, growth and better trade relations.
The hosts had clearly not been briefed about the idiosyncracies of their very different guests.
The countries’ cross-border ties and the challenges they pose are likely to increase their importance.
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.