South Africa

Future of Golden BRICS

With the successful holding of the fifth summit of Brazil, Russia, India, China and South Africa (BRICS) in Durban during March 26–27, 2013, this influential group of emerging economies completed its first important phase of genesis and evolution. The idea was floated in 2001 as an ‘acronym’ created by an investment banker of Goldman Sachs, Jim O'Neil who believed that the fast-growing economies of Brazil, Russia, China and India would be the single greatest game changers in coming times.

India-Brazil-South Africa ‘Tango’ at Sea

The first half of May 2008 (2-16) witnessed an epochal multilateral event that passed off virtually unnoticed in the countries involved. It saw the first ever combined maritime exercise among the navies of India, Brazil and South Africa (IBSAMAR). The lack of attention to it was hardly surprising given that the venue was the wide blue yonder, and the fact that the peoples of these countries are only beginning to realise the import of events that occur beyond terra firma.