Hot on the heels of the recent G20 summit in China, the 8th Brics summit will be held in India this weekend. When SA hosted the Brics summit in 2013, it emphasised that it needed to be relevant to Africa’s development priorities. Those ambitious intentions need to translate into action that deliver tangible outcomes. So what can Africa expect to derive from this year’s summit?Trade and finance issues stand out. SA would like to address the trade imbalance between itself and some of the other Brics members. The considerable deficit between China and SA is especially relevant.Most African countries have a trade deficit with Brics countries. How these Brics nations choose to tackle protectionism among themselves will offer important lessons on how to improve African countries’ access to Brics markets.India has also prioritised the development of small and medium enterprises (SMEs). It is worth noting that the development of these businesses and their integration into global value chai...
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