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Student Name

Student Number

Prashun Sharma

21242060

Maduray Pillay

21242055

Rookesh Rampersadh

21242056

Darnell Kelly

21242062

Assignment Title

:

Economic Fundamentals - Group Assignment

Date

:

2012/08/05

Programme

:

FBMP

1|Page

IMPACT OF BRICS ON THE SOUTH AFRICAN
ECONOMY

BRAZIL, RUSSIA, INDIA, CHINA, SOUTH AFRICA

2|Page

Table of Contents

1. Executive Summary

Page 1

2. Introduction

Page 2

3. Analysis

Page 3

3.1

What is BRICS?

Page 3-5

3.2

BRICS countries economic performance

Page 6-9

3.3

International Monetary Fund (IMF)

Page 10

3.4

World Bank

Page 10-11

3.5

How has S.A gained from its association with BRICS?

Page 11-13

4. Conclusions

Page 14

5. Bibliographies

Page 15

3|Page

1.

Executive Summary

Brazil, Russia, India, China and South Africa (BRICS) are the names of an association of emerging economies. The BRICS members are all developing countries with large, rapidly growing economies.

South Africa (S.A) was the last country to join the association. With members like China and
India who are emerging superpowers of the world, the benefits to S.A as a country are substantial. South Africa has come into the world spotlight after hosting the 2010 Soccer
World Cup and BRICS can prove to be an important association to help us capitalize on the exposure we received.

BRICS nations are quickly evolving from emerging markets to growth markets. They represent a major shift in the geopolitical chessboard.

1|Page

2.

Introduction

Members consisting of Brazil, Russia, India, China and South Africa (BRICS) are all developing or newly industrialized countries that are distinguished by their large, fast growing economies and significant influence on regional and global affairs.

South Africa officially became a member on December 24, 2010, after being formally invited by the BRIC countries to



Bibliography: Wikipedia (2012) (online). Available: http://en.wikipedia.org/wiki/BRICS Young, A (2010) (online). Available: http://www.ibtimes.com/archives/articles/reporters/angelo-young, 30/07/2012 Klomegah, K (2012) (online). Available: www.ipsnews.net/2012/.../brics-bank-could-change-the-money-game International Monetary Fund (2012) (online). Available: www.imf.org/ Naidu, S (2012) (online). Available: www.pambazuka.org/.../...

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