Tafelberg Short: South Africa in BRICS: Salvation or ruination?

The economic landscape of the world is changing dramatically. The power structure that favoured developed countries is falling away under the effects of the global financial crisis of 2008, the slowdown in the US economy and the debt crisis in Europe. At the same time developing countries are gaining economic ground.

South Africa is among the developing countries taking a more prominent role on the global stage. With China, Brazil, Russia and India it is part of the BRICS alliance, created t...