BRICS Roadshow - Eastern Cape

The Home of the Legends, Eastern Cape province is the host of the 3rd leg of the BRICS Roadshow, at the East London International Convention Centre (EL ICC) on 20 June 2023.

South Africa has been entrusted with the honour of hosting the BRICS Summit in August 2023, presenting this country with a remarkable opportunity to demonstrate leadership in reforming global economic governance and promoting sustainable and inclusive development in Africa and the Global South. As part of the build-up programs taking place across the country, various departments are hosting roadshows in different provinces.

The Department of Small Business Development, in collaboration with the Department of International Relations and Cooperation host this significant event, in preparation for the upcoming summit, in the Eastern Cape province. Aligned with the overarching theme of "Building a Better Africa and a Better World," the roadshow is coordinated with the Eastern Cape’s economic development and investment promotion agency, the Eastern Cape Development Corporation (ECDC), with an aim to create awareness about the importance of South Africa's, thereof the Eastern Cape’s participation in BRICS and to foster citizen involvement in BRICS activities.

South Africa in BRICS

BRICS is a group of leading emerging markets and developing countries, namely Brazil, Russia, India, China and South Africa. The first BRIC Summit was held in 2009 in Russia. South Africa was invited to join in December 2010, forming BRICS. Chairing BRICS follows the sequence of the acronym, so South Africa chaired BRICS in 2013, 2018 and now chairs BRICS in 2023.

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Eastern cape trade flows with Brics bloc

The South African economy absorbed a total of US$80.20 million in FDI from Brazil and created approximately 645 job opportunities between January 2003 and April 2023.

The Eastern Cape FDI from India have especially brought a positive impact in Tsitsikamma and Bedford, creating 69 jobs and 347.69 million US Dollars in capital investment.

The Eastern Cape attracted a total of 1.12 b USD in FDI from China and created approximately 2,184 job opportunities in the province between January 2003 and April 2023.

The Eastern Cape has a footprint in Russia, through edible fruit and nuts (peel of citrus or melons), electrical machinery and equipment and parts.