Published by 31 January 2018, written by Vernon Pillay & Zeenat Vallie
CAPE TOWN – Dr. Iqbal Survé, Executive Chairman of Sekunjalo, Siboniso Nxumalo, Joint Head of the Old Mutual Global Emerging Markets Boutique, and Yunus Hoosen, head of investment at the dti kick off the Raging Bull Summit with a discussion on BRICS.
Dr. Surve began the discussion by explaining the development of the BRICS business council and the new BRICS development bank.
While he was in Davos, Switzerland at the World Economic Forum he stressed the importance of SA investment opportunities.
The world is changing, Surve acknowledged China’s growing dominance over the United States and India’s new tech development has made the world take notice.
We as the investment community need to see these developments and given the fact that South Africa is part of the BRICS group, we need to take the lead, Surve explained.
Siboniso Nxumalo, Joint Head of the Old Mutual Global Emerging Markets Boutique began his presentation on the importance of BRICS states.
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