The Economist explains: Why is South Africa included in the BRICS? |
▻http://www.economist.com/blogs/economist-explains/2013/03/economist-explains-why-south-africa-brics
BRAZIL, Russia, India, China and South Africa recently concluded the fifth annual meeting of the countries known collectively as the BRICs. Or should that be the BRICS? The confusion arises from the fact that South Africa has sneaked into the group, which claims to represent the world’s emerging markets and act as a counterweight to the G8 and G20, which are dominated by rich-world economies.