Brics countries looking to diversify supply chains in a post-Covid world

22 Aug 2023

Dimakatso Leshoro

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Trade, Industry and Competition Minister Ibrahim Patel, China Africa Development Fund and Bank of China sign memorandum of understanding

DTIC

BUSINESS

Trade, Industry and Competition Minister Ibrahim Patel says South Africa faces triple challenges as it looks to address the trade deficit it has within Brazil, Russia, India, China, and South Africa (Brics) bloc.

The country has not been able to fully maximise the trade opportunities within the bloc and has mainly exported raw commodities instead of manufactured products.

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