Last year South Africa was entered the famous BRICS club. This selection of important emerging economies already had Brazil, Russia, India and China as permanent members. But is South Africa's membership actually valid?
South Africa's economy is just a quarter the size of the smallest member India. It's population is little more than one third of the BRICS' least populous country Russia.
On it's own continent, Nigeria displays far more economic growth. Moreover, Nigeria's population of 158 million far exceeds that of South Africa (50 million) and so does Egypt (82 million). And finally, an increasing amount of foreign multinationals prefer to situate their sub-Saharan hubs in Ghana or Kenya, leaving South Africa empty handed.
So the question is: Does South Africa belong in the BRICS club?
Read the full article: South Africa, The Gateway to Africa? >>