Brics Boosts South Africa’s Growth Hopes | Johannesburg News

South Africa’s President Ramaphosa is betting big on Brics, especially India, to jumpstart the economy with over $10 billion in investments and 18,000 jobs already created. He’s eyeing green tech, critical minerals, infrastructure, agribusiness, and digital growth — even pushing for direct flights to boost ties. But with Q2 contraction hitting -0.2% and sectors like manufacturing and mining in freefall, business leaders warn domestic investment remains too weak. Economists like Raymond Parsons say Brics diversifies risk but can’t replace global markets — South Africa must move beyond raw material exports toward value-added partnerships. While Chinese and Indian firms are already active in green energy and tech, Parsons stresses that Brics funding alone won’t fix core issues like crumbling infrastructure, energy shortages, and logistics bottlenecks. The real key? Building a stable, investor-friendly home base — because without that, even the best international deals won’t unlock the 3% GDP growth target by 2030. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://www.businessday.co.za/news/2026-09-15-ramaphosa-pushes-brics-ties-as-investment-lags-at-home/ More coverage & latest updates:https://sources.thednn.ai/901fe17681fe5562 Report issues to [email protected].