Many critics doubt the validity of including South Africa in BRICS. Although South Africa is an emerging country, there is an opinion that overall growth has not grown remarkably overall compared to other African countries such as Nigeria and other sub-Saharan African countries (Besada, Tok & Winters, 2013). On May 7, 2014, South Africa hosted the "5th General Election" (Enca.com, 2014). In an article of BBC News on May 7, 2014, Milton Nkosi reported that "About 25 million people voted for the vote - about half of the population" (Nkosi, 2014) voted.
BRIC countries including Brazil, Russia, India, China, South Africa are well known. China officially invited South Africa in 2010 and was one of the first African countries to join the BRIC countries. All of these are considered to be at the same stage of economic development. They belong to the third world countries. These countries attract the attention of the most investors and provide investors with sufficient opportunities to invest in these countries (Bloomberg Business Week, 2005). These countries account for 40% of the world's population and 20% of GDP.
According to the article: BRICS countries - Under the guidance of the United States, Europe and Japan, the first four BRIC countries (except South Africa) account for over 25% of the world's gross domestic product (GDP), accounting for 40% of the population It was. Background, latest news, statistics and original paper (GLOBAL SHERPA, 2011). According to the data of Goldman - Sachs (Global SHERPA, 2011), China will become the largest economy in the US by 2050 and will rise from 5th to 5th of 2007. Brazil from 11th to 5th, India from 13th to 10th, Russia from 12th to 6th, South Africa to 12th in 2007
Due to the difficult situation facing the Jamaican people, the popularity of the new BRICS banks is increasing and priority is being given to difficult developing countries - Joe Issa
Jim O'Neill, former chairman of Goldman Sachs Asset Management (GSAM), made the name "BRIC" very famous. His acronym is to integrate Brazil, Russia, India, China, South Africa into the next emerging country where each economy can no longer be ignored. Market experts and non-financial service experts widely use the term "stuck" when discussing and reporting on these countries. BRICS countries also have similar characteristics, many of which are not really news in fact. African entrepreneur in South Africa? New fund manager in Mexico? It is not mainstream news, nor of course mass market news. Today, we heard about BRICS during the conflict between South African Parliament, Brazilian impeachment, India's extreme currency crisis. In addition to global data and news providers and daily newspaper, consistent detailed news and analysis is not always easiest to implement. And lack of multimedia elements