Critical of the greenback’s predominance in world trade, one of their goals is to free themselves from the dollar

The new plant can’t meet World Bank’s loan conditions or sulphur emissions limits

Heads of states from Brazil, Russia, India and China are expected to attend the summit held between July 25 and 27

Monale Ratsoma, deputy director general of Treasury’s economic policy department, will lead the regional arm of the bank.

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.

The country’s tough economic challenges must now compete with the demands of the New Development Bank.

Instead of following misplaced loyalties, foreign policy should take its cue from domestic priorities: jobs, growth and better trade relations.

The Brics bank was launched on Tuesday and concludes a lengthy wait since it was first proposed in 2012.

SA’s appointees undermine the bank’s claims of being an alternative to Washington financiers.