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South African Businessman Pratrice Motsepe To Head Brics Council
South African Businessman Pratrice Motsepe To Head Brics Council

South African billionaire businessman Patrice Motsepe has been selected as head of the newly formed Brics coucil.

The mining tycoon will be heading the councill which comprises of four other members from Brics countries namely Brazil, Russia, India, and China.

South African business body Black Management Forum said they welcomed the decision.

BMF managing director Nicholas Maweni was quoted by Sowetan news paper saying “The council will give us an opportunity to have a business body that will highlight economic opportunities and issues facing each country. Each member country will provide market access to its Brics partners.”

“This means that because South Africa imported a lot of goods we will see a balancing of trade in which we will be given the opportunity to start exporting as well.” He said

Motsepe was nominated on the 5th Brics summit that was held in Durban this week.

 

 





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