Featured Post

REVIEW: G7 and BRICS+ are the powers competing for global rinfluence.

Posted by on
On the global stage, two prominent groups are vying for influence: the long-established G7 and the ambitious BRICS+ economies. Formed in 1975, the G7 consists of major industrial democracies: Canada, France, Germany, Italy, Japan, the UK, and the USA. They meet annually to coordinate global economic policies. BRICS, established in 2009, initially included Brazil, Russia, India, China, and South Africa, with Egypt, Ethiopia, Iran, and the UAE joining the group in 2024, expanding it to become BRICS+. Despite the G7 having a higher combined GDP, with an estimated $48.68 trillion, BRICS+ economies are projected to have a higher average growth rate of 3.6% compared to the G7's 1%. Their average GDP growth rate is anticipated to range from 189% to 205% by 2050, a significant contrast to the G7's 50%. Population-wise, BRICS+ has a combined population of approximately 3.6 billion, representing 45% of the world's inhabitants, much larger than the G7's 776 million. In terms of la
0

WATCH: Every Budget heralds major infrastructure spend. Where is the infrastructure?

Posted by on


The South African government recently unveiled its vision for infrastructure-led economic revival but Mohau Mphomela an Executive Director at Masters Builders Association (MBA North) says this is not new we have heard similar rhetoric at every SONA and Budget - and yet little has happened on the ground.

Watch: Mohau explains why and he is cautiously optimistic about Government's infrastructure initiative and his suggestions on a way forward.👇👇




Comments

Post a Comment