BRICS is an acronym for five leading economies: Brazil, Russia, India, China, and South Africa. The first four were initially grouped as “BRIC” (or “the BRICs”) in 2001 by Goldman Sachs economist Jim O’Neill, who coined the term to describe fast-growing economies that would collectively dominate the global economy by 2050;[1] South Africa was added in 2010.[2]
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[S.African rand sell-off escalates on report about alleged arms shipment to Russia](https://www.reuters.com/markets/currencies/south-african-rand-near-three-year-low-power-crisis-2023-05-11/)
BRICS is an acronym for five leading economies: Brazil, Russia, India, China, and South Africa. The first four were initially grouped as “BRIC” (or “the BRICs”) in 2001 by Goldman Sachs economist Jim O’Neill, who coined the term to describe fast-growing economies that would collectively dominate the global economy by 2050;[1] South Africa was added in 2010.[2]
What south africans think about it?
Sounds like South Africa needs some freedom.