The BRICS Business Council released a statement after the BRICS Business Forum, stating some of the resolutions from the forum and growth prospects post the COVID-19 pandemic.
The BRICS Business Council released a statement on Thursday, 29 October 2020, detailing the resolutions from the ten-day BRICS Business Forum. The physical gathering was conducted in Russia, but most international delegates attended virtually. The participants included business leaders and representatives from BRICS countries, namely, Brazil, Russia, India, China and South Africa.
The primary focus was on growth prospects post the pandemic, as well as possible partnerships between business and the state. This is in an effort to revitalise the economies of the respective states.
A matter that was highlighted, specifically for South Africa, was the need to fast-track digital literacy and infrastructure, as well as ensuring the affordability thereof, considering that the country is amongst those with the most expensive data costs in the world. The matter has been previously addressed, even by some notable media personalities, but the efforts were in vain.